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Why does a marginal benefit curve slope downwards?
Whenever stockholders who made big financial investments in Enron prior to the mid-1990s suffered huge losses during the year 2001-2002 since of deceptive accounting practices and insider trading, they were the victims of problem termed as: (1) Adverse selection (2) M
Purely competitive markets share the feature of: (i) collusive behavior among of large firms. (ii) freedom of entry and exit in the long run. (iii) extensive negotiations about prices in between buyers and sellers. (iv) widespread product differentiat
I have a problem in economics on Profit Maximization in the Labor Markets. Please help me in the following question. All the profit maximizing firms will hire labor up to a point where: (1) MRP = MFC. (2) MRP = w. (3) VMP = w. (4) VMP = MFC.
Explain the difference in changing the scope between a spiral approach and a waterfall approach?
Assume that a firm with market power in output market wishes to grow up and that hiring more workers needs it to increase wages 8% for all the workers. Output prices will most likely: (1) Increase 8% to cover the wage raise. (2) Increase less than 8% as wages are only
Products which have NOT been cartelized comprise: (w) oil. (x) bananas. (y) sugar. (z) wheat. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
The slopes of demand and supply curves are frequently: (w) misleading as guides to price elasticities. (x) independent of the units measuring changes in price and quantity. (y) highly dependent upon each other. (z) used to forecast changing consumer t
Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.
Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)
State drawbacks of barter system: A) Both sale and purchase must take place concurrently implying double coincidence of wants. B) There is no general unit of exchange in barter system, accordingly exchange s
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