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In the quintile distribution of income, the term "quintile" represents
What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.
When the U.S. furniture market is primarily in equilibrium at point e upon S0D0 and in that case Chinese manufacturers begin exporting more furniture to the United States, that market would move in the direction of a new equilibrium
Describe the term Inflation premium and how it is the prospect of future inflation?
X-inefficiency (also termed as managerial slack): (1) tends to drive up fixed costs. (2) commonly results from firms not being hard pressed through competitors. (3) can absorb much of a monopoly’s potential profit. (4) is a prob
Define monetary policy? What monetary measure can be accepted to control the condition of excess demand? It is the policy accepted by central bank exercising control over money rate of interest and credit situatio
A profit-maximizing monopolist which does not price discriminate and that faces a demand curve that is higher at some output levels than is the firm’s average variable cost curve finds out price and quantity where: (w) profit pe
Kelly spends his whole food budget on steak and doughnuts, and could trade 2 pounds of steak for 4 doughnuts devoid of changing his level of satisfaction. When the price of doughnuts is 50 cents and steak is $2.00 per pound, Kelly will most likely adjust by: (i) Incre
The firm’s wage elasticity of demand for the labor is least influenced by: (1) How much time the firm have to adjust to modifying wages. (2) The proportion of labor’s share of net costs. (3) The ease of replacement between labor and capita
The demand curve that facing a monopolistically competitive firm is: (1) perfectly elastic within the short run. (2) perfectly inelastic due to numerous substitutes for its product. (3) less elastic than the demand curve facing a comp
Why Vietnam divided into two different nations?
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