law of demand
is the price in the "law of demand" a relative price or an absolute price
When MR exceeds both marginal costs and average variable costs at the recent rate of production, in that case a profit-maximizing firm will: (w) increase output. (x) decrease output. (y) have no incentive to change output. (z) be maximizing profits.
When after hiring the very last worker, the organization’s profit is similar as it was prior to the last worker was hired, the firm must: (1) Hire more workers to raise the profit. (2) Layoff several workers to raise gain. (3) Not hire any more workers. (4) Shut
The demands of prosperous American families are most likely most income elastic for their: (i) vacations in Hawaii. (ii) higher education. (iii) cell phones. (iv) fast food meals. (v) gasoline. Ple
HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. There level of sales and production at that HoloIMAGine would minimize its average cost [ATC] of production corresponds to as: (1)
In the above diagram, the elimination of discrimination is best represented by
The Craft unions generally keep the wages of their members over the competitive level by: (1) Limiting competition among firms in product market. (2) Rising competition between firms in the product market. (3) Rising the supply of the labor in craft.
Can someone help me in finding out the precise answer from the given options. The citizens in lower 48 states utilize lots of wild Alaskan salmon till a major oil spill close to Anchorage spoils the fishing. The ____ of salmon will increase whereas the ____ reduces. (
In a purely competitive industry, the individual firm: (i) can raise the quantity demanded by lowering the price of its product. (ii) experiences substantial economies of scale. (iii) faces a completely inelastic demand curve. (iv) cannot influence th
One of my friend has a problem on substitution effect. The original equilibrium point (that is utility-maximizing bundle) in the graph shown below is at point A. The price of good Y is increased, pivoting the budget constraint down to its latest level.a. F
I have a problem in economics on Marginal revenue product or MRP curve. Please help me in the given question. Demand for the labor through a monopolist in the product market is its: (i) Value of marginal product (or VMP) curve. (ii) Marginal revenue p
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