Isoquants and isocost lines
By using isoquants and isocost lines, illustrates graphically that rise in y will result in a decline in the quantity demanded of x1 and also illustrates that rise in the price of x1 will result in a reduction in the quantity demanded of x1.
Into the long run, interest rates depend LEAST upon the: (1) premiums needed to induce savers to delay consumption. (2) premiums necessary to induce wealth holders to sacrifice liquidity. (3) productivity of new capital. (4) demands and supplies of lo
In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.
An increase in the supply of bonds tends to: (1) reduce the interest rate. (2) occur simultaneously with an increase in the demand for loanable funds. (3) yield an increase gross investment but a decrease in net investment. (4) drive up the prices of
A purely competitive firm maximizes profit through producing where is: (w) P = ATC. (x) P = MR = MC. (y) PQ = TC. (z) AFC = AVC. I need a good answer on the topic of Economics problems. Please give
If, after hiring the very last worker, the firm's profit is similar as it was before the last worker was hired, then the firm must: (1) Hire more workers to raise gain. (2) Layoff certain workers to raise the gain. (3) Not hire any more workers. (4) Shut down in short
Can someone help me in finding out the right answer from the given options. When a firm hires labor to a point where VMPL > MRPL = MFCL = w, then the (1) Firm consists of monopsony power. (2) Employees of firm are experiencing t
The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e. Q : Total consumer surplus received Assume Assume that you gain $36 worth of pleasure from first hole of the golf played on any specific day since you are an avid golfer, however the extra pleasure you profit from playing succeeding holes drops by $2 per additional hole. The $40 greens fee is needed to begin o
Assume that you gain $36 worth of pleasure from first hole of the golf played on any specific day since you are an avid golfer, however the extra pleasure you profit from playing succeeding holes drops by $2 per additional hole. The $40 greens fee is needed to begin o
When physical capital becomes cheaper, in that case: (w) some workers may be displaced but worker productivity usually rises. (x) automation will make jobs for more workers. (y) workers will supply more labor services. (z) labor supply curves will move in backward ben
is price in the law of demand an absolute or relative price
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