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In the quintile distribution of income, the term "quintile" represents
Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.
I have a problem in economics on recognizing market demand for a good. Please help me in the following question. To determine the market demand for a good, add up the: (1) Quantities supplied at each and every price. (2) Quantities demanded at each and every price. (3
If LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total revenue equals the area of the rectangle as: (i) 0P2fq4. (ii) bdP4P1. (iii) 0P4dq2
When the firm produced at output level q2, this produced where: (w) MR = MC. (x) MR > MC. (y) MR < MC. (z) P < MC. Q : Problem on Equilibrium condition Reduction in the size of average American family is most probable to: (i) Erode rates of the technological advancement. (ii) Raise the demand for disposable diapers. (iii) Decrease women’s labor force participation rates. (iv) Increase the contribution of family
Reduction in the size of average American family is most probable to: (i) Erode rates of the technological advancement. (ii) Raise the demand for disposable diapers. (iii) Decrease women’s labor force participation rates. (iv) Increase the contribution of family
A price ceiling set below equilibrium will raise the: (w) quantity supplied. (x) good’s opportunity cost to buyers. (y) sellers’ profits. (z) rate of excess supply. How can I solve my economics
Assume that half of the world population, randomly certain, was magically vaporized through space aliens, although no other aspect of life onto Earth was influenced. Ignoring any psychological trauma that calamity might entail, upon average, the economic
This market for peanuts will adjust to a new equilibrium at price: (1) P0 and quantity Q0. (2) P1 and quantity Q0. (3) P2 and quantity Q2. (4) P3 and quantity Q1.
A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)
Price elasticity of demand for a good will tend to rise as the: (i) Number of reasonably good replacements available rises. (ii) Consumer income level rises. (iii) Good is a less significant budget item. (iv) Time permitted for response reduces. (v) Elasticity of supp
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