Malthusian theory on population
What do you mean by the Malthusian theory on population?
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If population growth increase continues then there will not be sufficient resources around for everyone this will lead to an event such as famine or war, which will reduce the population.
Whenever someone paying for the service can’t completely monitor the behavior or aims of the person offering the service, there are potential inequities and inefficiencies caused by the: (1) Moral hazard. (2) Adverse selection. (3) Utilitarianism. (4) Principal-
When a decreasing cost industry is purely competitive in that case: (1) each firm’s long-run supply curve is downward sloping. (2) each firm encounters increasing returns to scale. (3) growth of industry output yields lower per unit costs. (4) c
Pure competition is described by freedom of entry and exit by firms which are: (i) price discriminators and quality adjusters. (ii) price takers and quantity adjusters. (iii) owned and operated by entrepreneurs. (iv) arbitrators and p
Assume that you are an avid golfer and profit $36 worth of pleasure from the first golf hole played on any specific day, however the additional pleasure you profit from playing succeeding holes falls by $2 per extra hole. The $40 greens fee is needed to begin golfing
When a firm shuts down within the short run, in that case it’s economic: (w) profit is zero. (x) resources have zero opportunity cost. (y) loss equals its fixed cost. (z) value to shareholders rises. Please guys help to solve
I have a problem in economics on Demand Curve when price is cut. Please help me in the following question. When the price of Snapple is cut, then: (1) The lower quantity of Snapple is demanded. (2) A bigger quantity of Snapple is demanded. (3) Demand for the Snapple r
When, relative to most another forms of business, farm incomes are tiny in comparison to farmers’ net wealth, in that case: (w) rates of return in agriculture are below those from other investments. (x) agriculture generates pos
Can someone help me in finding out the right answer from the given options. Hourly salaries as reflected in take-home pay are probable to be less than the values of worker’s marginal product (or VMP) in part since of: (1) Monopsonistic exploitation which causes
From society’s point of view, an optimal market solution is attained while: (w) everyone’s income is equal. (x) all goods are given in the economy. (y) marginal social costs only equal marginal social benefits. (z) consumer surplus equals
For a monopsonist in the labor market, the marginal resource cost of labor is:
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