Marginal cost due to technology
Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television? Answer: Supply curve will shifted to the right due to enhancement of technology.
Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television?
Answer: Supply curve will shifted to the right due to enhancement of technology.
For water the price elasticity of demand is: (w) low since the price is high. (x) high since the price is high. (y) high since there are few substitutes for water. (z) low since this has few substitutes and a low price. Q : Intersection of demand and supply curves What determines the intersection of demand and supply curves?
What determines the intersection of demand and supply curves?
How do economy affects when there is reductions in government spending?
When the rate of return you compute onto an asset exceeds the interest rate: (w) its present value exceeds its price. (x) the market is within long term equilibrium. (y) you should avoid buying the asset. (z) the price must fall quick
What does leftward shift of PPC point out? Answer: It points out underutilization of resources.
The clearest illustrations of pure economic rent are payments: (1) for improvements which increase the productivity of resources. (2) to owners of unimproved land. (3) exceeding the productivity of a resource. (4) received by owners of homogeneous res
Question: a) Johnny consumes peanuts (x1) and a composite good (x2). His utility function is U = x1x2. His marginal utilities are MU1 = x<
When the annual interest rate is 12 percent and a rental house can be expected to rent perpetually for price of $1,000 monthly, in that case the house has a present value of approximately: (1) $240,000. (2) $144,000. (3) $100,000. (4) $72,000. (5) $12
By description, a family of four receives welfare when it: (1) pays a smaller share of taxes than its share of benefits from government. (2) lives below the poverty line. (3) includes a student attending college on an academic scholar
When the income distribution is acceptable and no externalities survive, purely competitive market demand curves as: (w) also marginal social benefits curves. (x) inverted marginal social cost curves. (y) horizontal at the market pric
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