Marginalism and characteristics
Explain about Marginalism and characteristics.
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Marginalism and its characteristics:
Can someone help me in finding out the right answer from the given options. The potential range of negotiable price or wage solutions whenever both the seller and buyer contain substantial economic clout is recognized in the: (1) Bargaining model devised by the John H
Reliance on private demands and supplies to assign goods and resources is least certain to outcome an economically ineffective solution just because: (i) Producers encompass monopoly power. (ii) A good is non-rival and non-exclusive. (iii) Consumption
what is basic objects of bretton woods?
When a measure of the responsiveness of one variable to other (for example, quantity supplied [or demanded] to changes within price), elasticity: (w) provides no criterion for identifying responsiveness. (x) depends on the units used to express change
Within below figure there is market for papayas: (1) a shortage exists at P2. (2) papayas are a free good at P0. (3) papayas are currently a scarce good. (4) consumer's demand prices equivalent P2 at quantity Q2. (5) the equ
When a monopolistically competitive firm is in long-run equilibrium, in that case this is unlikely for: (w) MR = MC. (x) P to be greater than MC. (y) P to be greater than the minimum of the long run average cost curve. (z) accounting
Fiscal deficit: When TE (RE + CE) > TR (RR + CR) of the government, excluding borrowing. It is termed as fiscal deficit.
State the slope of indifference Curve? Answer: Slope of indifference curve is equivalent to MRS, that is, Marginal Rate of Substitution.
Difference between increase in demand and increase in quantity: Whenever demand rises at specific price then it is termed as rise in demand?. On another hand, whenever demand increases by decrease in price of a com
How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
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