--%>
Assignment Help - homework help

Illustration of transaction costs

You are more probable to shop at a remote farmers’ market quite than buy apples at a local grocery store while: (w) possible, since produce is cheaper at the farmers’ market. (x) you would like to buy only vegetables and fruits. (y) the opportunity costs of shopping at the farmers’ market are less than the price differentials. (z) the opportunity cost of shopping at the farmers’ market exceeds grocery store prices.

Hey friends please give your opinion for the problem of Economic that is given above.

   Related Questions in Microeconomics

  • Q : Price inelasticity of supply The price

    The price elasticity of supply is zero therefore supply is perfectly price inelastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Short-run supply curve of a competitive

    At any point on short-run supply curve of a competitive industry, every firm produces at the similar: (w) rate of technological equilibrium. (x) average cost. (y) marginal cost. (z) positive level of economic profit.

    Q : Income elasticity-distribution and

    The time people focus upon politics and government policies tends to be income elastic. Nonetheless, high wage rates raise the opportunity costs of voting. Mutually, these facts suggest that, which relative to wealthier or higher-income people and low

    		•
  • Q : Measurement of below poverty line Below

    Below the poverty line the proportion of the U.S. population is: (w) rises with upturns of the business cycle. (x) has declined, though somewhat erratically, over the past 50 years. (y) has been virtually eliminated by a vigorous “War on Poverty

    		•
  • Q : Order of most backward to forward

    Which of the given lists of taxes or taxed goods is possibly in correct order by most backward-shifted to most forward-shifted: (1) Tobacco, property, payroll, general sales. (2) Land, payroll, property, tobacco. (3) Tobacco, payroll,

    		•
  • Q : Lower costs of large oligopolists This

    This is possible that consumers could pay a lower price within an oligopoly market than a competitive market since large oligopolists: (w) can price below cost. (x) often give quantity discounts to loyal customers. (y

    		•
  • Q : Determine prises when demand and supply

    The demand for textbooks has transferred from D0 to D1 whereas supply changed from S0 to S1. Such shifts make sure that the market equilibrium: (w) price will increase. (x) price will fall.

    		•
  • Q : Problem on decrease in demand for goods

    For normal luxuries and goods, decreases in income tend to cause the: (i) Market prices to increase. (ii) Raises in quantities demanded. (iii) A reduction in demand for goods. (iv) Demand curves to shift to right. What is the right

    		•
  • Q : Problem on excise taxes The incidence

    The incidence (burden) of excise taxes on chandeliers, airline tickets, jewelry, and yachts, is most probable to be: (i) Proportional. (ii) Hierarchical. (iii) Regressive. (iv) Unfair. (v) Progressive. Please someo

    		•
  • Q : Legal doctrine in Laws and Regulations

    Whenever goods are non-standardized and rarely purchased by an individual, an assumption that the sellers will contain superior knowledge of the product characteristics is an argument for applying the authorized doctrine of: (1) Caveat emptor. (2) Nolo contendere. (3)

    		•