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For a monopsonist in the labor market, the marginal resource cost of labor is:
Deficit budget: When expenditure of the government is greater than its receipts, it is termed as deficit budget.
A government decrease of the price ceiling upon a good will: (w) result in a decrease into the excess demand for the good. (x) result within an increase in the excess demand for the good. (y) lead to a greater quantity supplied. (z) cause a reduction
When firms possess market power, national output and employment are least likely to be reduced as a result of: (1) occupational discrimination. (2) human capital discrimination. (3) wage and price discrimination. (4) personal discrimi
Along with freedom of entry in a monopolistically competitive market, in long run equilibrium is reached along with firms: (w) earning zero economic profit. (x) producing where price equals marginal cost. (y) producing their most efficient output. (z)
LoCalLoCarbo that is Favorite Corporation of fad dieters, which can minimize its average total costs near producing: (i) output q1 at point a. (ii) output q2 at point b. (iii) output q3 at point e. (iv) output q4 at point f. (v) output q5 at point g.<
TR (total revenue) for this profit-maximizing pure competitor equivalents area: (i) 0PeQ. (ii) bPec. (iii) aPed. (iv) 0bcQ. (v) 0Pec. Q : Define saving function Saving function Saving function: The relationship among saving and income is termed as saving function.
Saving function: The relationship among saving and income is termed as saving function.
The benefits to sole partnerships and proprietorships associative to the corporations are that both contribute to: (1) Lack of permanence. (2) Limitless financial resources. (3) Limitless liability. (4) Simplicity of organization. Q : Relationship between MPP and APP If MPP If MPP equivalent to APP, what will you state regarding APP? Answer: APP is at its maximum and steady or constant.
If MPP equivalent to APP, what will you state regarding APP? Answer: APP is at its maximum and steady or constant.
is the price in the "law of demand" a relative price or an absolute price
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