Implication of buyers in market
Describe the implication of big number of buyers in the perfectly competetive market.
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The implication is that no single buyer is in a place to affect the market price on its own since an individual buyer?s purchase forms a negligible proportion of the total purchase of good in the market.
The Industrial unions try to accomplish wage rates above the competitive level through: (i) Limiting the supply of labor to the industry. (ii) Raising the supply of labor. (iii) Raising the productivity of the labor in an industry. (iv) Member’s agreeing to work
When a family can earn income and transfer profits of $11,500 by working full time at the minimum wage, and also $12,500 in transfer benefits without working, the family’s net gain through working is: (1) zero. (2) $12,500. (3)
A monopoly is a type of market structure in that one: (w) seller makes up the industry. (x) giant firm is a price taker. (y) barrier to entry exists. (z) giant firm is the particular buyer of resources. Q : Present Value and Capitalization The The market value of an asset or potential investment project is most specific to rise when typical investors expect: (w) after-tax rates of return by investing to exceed the interest rate applicable for assets or investments along wit
The market value of an asset or potential investment project is most specific to rise when typical investors expect: (w) after-tax rates of return by investing to exceed the interest rate applicable for assets or investments along wit
On Indian industry what are the effects of globalization?
This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve. Q : Complete equilibrium by distribution of When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.
When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.
I have a problem in economics on Value of a product according place. Please help me in the following question. The ice has a higher price in Texas, Dallas than Anchorage and Alaska. The raised value of the ice is due to its changing: (i) Form. (ii) Po
Describe Break Even Price in Economics for a purely competitive firm?
Relative to demand curve D0D0, demand curve DD: (i) is relatively more elastic than D0D0 at a price of P1. (ii) is relatively more elastic than D0D0 at a price of P2. (iii) is relatively less elastic fo
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