Illustrations of Micro economic variables
Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings
Give two illustrations of Micro economic variables studies.
Answer:
a. Individual demand b. Individual savings
When the number of textbooks sold falls/drops 10 percent whenever college tuitions double, textbooks and college enrollments are _____ goods and their cross-elasticity coefficient is mainly _____. (i) Superior; 5.0. (ii) Inferior; 10.0. (i
The Oranges are grown-up in Florida and potatoes are grown up in Maine mainly as: (i) There is no orange-grower’s lobby in the Maine to save from harm and Maine oranges from the unfair competition. (ii) Potatoes are not eaten in the Florida. (iii) Maine consists
In efforts to offset specific failures of the private sector, government policy within a mixed-capitalist economy would be least reasonably intended at an objective of: (1) creating externalities to spread the costs of various activities across all me
I have a problem in economics on Short Run-input of firms cannot be changed. Please help me in the following question. In short run, the firm: (i) Can change any input. (ii) Can’t change any input. (iii) Cannot change the output. (iv) Has at lea
In this figure demonstrating hypothetical demands for socket sets, there demand curve: (1) D1D1 is perfectly price-inelastic. (2) D2D2 is perfectly price elastic. (3) D3D3
After the morula phase what is the subsequent stage? What is the morphological attribute which defines this phase?
An import tariff on Japanese cars of ac generates government revenue equivalent to: (w) trapezoid bcde. (x) rectangle P1to P2ca. (y) distance Q0 to Q1. (z) rectangle 0P2dQ2. Q : Corporate Taxes-Disadvantages of a One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.
One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.
Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Total variable cost:1. variable cost changes with the change in quantity. It increase or decrease as the output change.2. it is zero when output is zero3. Its curve is parallel to the curve of total cost.4. Example :- cost of r
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