High fashion at low prices-too good a chance
The influence of high street chains selling very limited editions of designer clothes at much below equilibrium prices.
Expert
Recognizing the concept of equilibrium and the significance of this in analyzing what occurs in disequilibrium. By using demand and supply analysis and developing a recognizing of price and other assigning mechanisms.
How much loss can an industry bear? Answer: An industry can bear losses up to its total fixed costs.
The demand for labor will shift because of changes in all of the given except: (w) prices of other resources. (x) prices of output. (y) MPP (z) wages. Hello guys I want your advice. Please recommend some views for
Factor market: It comprises of factors of production namely land, labor, capital and associations.
For the purely-competitive cranberry market, as in below figure there Curve H is: (i) industry’s long-run supply curve. (ii) firm’s demand curve in the short run. (iii) industry’s marginal cost curve. (iv) firm’s long run margi
Profit maximization within the long run does not need a firm to: (i) produce in accord along with the law of equal marginal advantage. (ii) adjust the resource mix till MPPL/w = MPPK/r. (iii) minimize cost for its selected level of output. (iv) produc
A profit-maximizing monopolist will necessarily incur economic losses when, at every feasible level of output as: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) average tota
The economist most intimately identified along with the emergence and early development of common equilibrium analysis was: (w) Adam Smith. (x) Leon Walras. (y) Alfred Marshall. (z) William Stanley Jevons. Can some
Whenever the marginal utility of a good becomes negative or zero: (i) Goods are transformed to the bads. (ii) Net utility reaches the maximum and then declines. (iii) The maximum total advantages have been squeezed from good. (iv) People are unwilling
Define Ex-ante aggregate demand: This is planned or the desired aggregate demand.
Product market: It comprises of final services and goods.
18,76,764
1958190 Asked
3,689
Active Tutors
1445538
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!