Marginalism and characteristics
Explain about Marginalism and characteristics.
Expert
Marginalism and its characteristics:
Severe drought outcomes in a drastic fall in the output of wheat. Examine how will it influence the market price of wheat? Answer: As an outcome of severe drought,
Kinds of output subsequently used to generate other goods are termed as: (w) land. (x) labor. (y) capital. (z) primary resources. Hey friends please give your opinion for the problem of Eco
Interest rates tend to be negatively associated to: (w) household preferences for more liquid assets. (x) typical rates of return on alternative investments. (y) household willingness to delay consumption. (z) investor optimism concerning rates of ret
Cross-elasticity of demand: The receptiveness of demand to modifications in prices of associated goods is termed as cross-elasticity of demand (i.e., associated good
A straight-line, which positively-sloped supply curve which starts from the quantity axis is: (w) elastic for all prices and quantities. (x) inelastic for all prices and quantities. (y) unitarily elastic for all prices and quantities. (z) a sign that
Opinion of Frank Knight, about economic profits is: (1) rewards for bearing uncertainty. (2) easily capitalized for firms possessing monopoly power. (3) rewards for innovation. (4) easily predicted when competent economic forecasting is employed. (5) equal to accounti
American workers tend to be additionally productive than their counterparts within Asia since they have: (1) less capital to work along with. (2) more capital to work with. (3) lower marginal products. (4) been instilled along with a stronger work eth
Most traditional transfer in kind helps programs: (w) increased benefits for every dollar earned. (x) reduced benefits by $1 for every dollar earned. (y) reduced benefits by less than $1 for each dollar earned. (z) reduced benefits by more than $1 for
Can someone help me in finding out the right answer from the given options. Absolute value of the proportional change in labor hired divided by the proportional change in the wage rate is termed as the: (1) Income or substitution coefficient. (2) Employment salary or
The demands for vast new sport utility vehicles [or SUVs] like Hummers and Ford Explorers would most likely reduce most sharply in response to a 50%: (i) Rise in the annual cost of driver’s license. (ii) Decreasing in rent on luxury apartments on the center of b
18,76,764
1942784 Asked
3,689
Active Tutors
1413334
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!