long-run
In the long-run, an increase in consumer desire for strawberries is most likely to:
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income. Q : Demand curve facing monopolistically The demand curve that facing a monopolistically competitive firm is: (1) perfectly elastic within the short run. (2) perfectly inelastic due to numerous substitutes for its product. (3) less elastic than the demand curve facing a comp
The demand curve that facing a monopolistically competitive firm is: (1) perfectly elastic within the short run. (2) perfectly inelastic due to numerous substitutes for its product. (3) less elastic than the demand curve facing a comp
Indifference curve: It demonstrates various combinations of two goods that provide identical level of satisfaction to the consumer.
The backward bending supply curve for the labor takes place when: (1) Firms want to hire only some quantity of labor. (2) There is a change in elasticity of the resource supply. (3) Workers prefer leisure over added income over some wage. (4) Minimum wage legislation
One of my friends can't find the answer of this question .Give me answer of this question. How are economic theories created in neoclassical economics?
When a purely competitive industry is into long-run equilibrium: (i) firms try to maximize profit. (ii) P = ATC. (c) P = MC. (iii) economic profit is zero. (iv) All of the above. Can someone explai
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). (
Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter
Describe the features of Indifference Curve? Answer: A) Indifference curves slopes downward from left to right.B) Indifference curves are Convex to origin. C) Two Indifference curve not at all intersect
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