Is cotton textile is macroeconomic or microeconomic
Is the study of cotton textile business a macroeconomic or a microeconomic study? Answer: The study of cotton textile business is a microeconomic study.
Is the study of cotton textile business a macroeconomic or a microeconomic study?
Answer: The study of cotton textile business is a microeconomic study.
Henry George believed that: (1) landowners deserve the economic rent that their land holdings provide. (2) a single tax on land equal to the unearned surplus would pay for all needed government. (3) economic inefficiency would result from a tax on the
Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good
When Joe Glutton’s final bite of a burger yielded no profit in total utility, then Joe: (i) Don’t like hamburgers. (ii) Has reached the minimum utility from eating the burgers. (iii) Has reached the point where marginal utility of hamburgers is 0 (zero). (
When a measure of the responsiveness of one variable to other (for example, quantity supplied [or demanded] to changes within price), elasticity: (w) provides no criterion for identifying responsiveness. (x) depends on the units used to express change
Every point beside a vertical demand curve (when there was such a thing) would include a price elasticity coefficient equivalent to: (1) 1. (2) 1. (3) zero. (4) infinity. (5) 1/2. Hey friends please giv
Price hikes for DVD games will boost total revenue providing the price is: (w) located on this demand curve. (x) above $30. (y) below $30. (z) below $25. Q : Enter an industry by barriers to entry Barriers to entry: (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are fundamentally technological instead of economic. (z) stimulate aggressive competition.
Barriers to entry: (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are fundamentally technological instead of economic. (z) stimulate aggressive competition.
When interest rate increases, the cost of future consumption decreases?
Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price? Answer: Increase in demand causes a rightward shift in the
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