Lexicographic preference ordering
I have problem in this question. What is lexicographic preference ordering? Provide me correct answer of this.
Not between strategies historically employed by some unions however now illegal in the United States are: (i) Jurisdictional strikes centered on which the unions will stand for a firm’s staff. (ii) Agency shop contracts forcing the non-union staff to pay ‘
When brick-making is a constant cost industry, during the long run this firm is probable to experience: (i) a severe shrinking of economic profit to zero. (ii) a decline in the price of bricks to approximately eight cents apiece. (iii) increased compe
A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor
Diseconomies of Scale: The diseconomies are the drawbacks occurring to a firm or a group of firms due to big scale production.Internal Diseco
Total revenue (i.e., TR=PQ) for such profit-maximizing competitive firm equals area as: (a) 0P1gq5. (b) 0P1dq4. (c) 0P2cq3. (d) P2
Effects of price ceiling: The consequences of price ceiling might be: A) Scarcity of the commodity B) The government might oblige rationing that is, supply of goods in limited q
Total revenue equals: (w) price times quantity. (x) marginal revenue times marginal cost. (y) profit per unit of output. (z) total cost minus profit. Please choose the right answer from above...I want your suggesti
Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y
Saving function: The relationship among saving and income is termed as saving function.
Total revenue grows while the price of a good is cut when the price elasticity of: (w) demand exceeds the price elasticity of supply. (x) substitute goods is less than one. (y) supply is into a relatively elastic range. (z) demand is
18,76,764
1957228 Asked
3,689
Active Tutors
1452469
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!