Market supply and demand information
Elucidate what kind of market supply and demand information would be use full to you in deciding on a business policy?
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A customer filled form of the subsequent fields will be of great employ. 1) Do you require product urgently?
2) How many times you visited our store?
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When Info-Gadget and Inc. offers only 333 thousand generic potato peelers monthly at $1 each as well as 1,667 thousand at $2 each, its price elasticity of supply is around: (1) 1.0. (2) 1.5. (3) 2.0. (4) 3.0. (5) 0.5. Q : Goods and services Refer to the above Refer to the above data. Choose the right answer from following. Zabella's balance on goods and services illustrates a: A) $5 billion deficit. B) $5 billion surplus. C) $10 billion surplus. D) $15 billion deficit. Q : Implicit Costs-Value of time Congratulations! You have made a fortune after establishing the firm which publishes bestselling books of the economic poetry. Your implicit costs comprise: (1) Salaries for your firm’s website designer. (2) The value of your time. (3) Fees for cleaning the serv
Refer to the above data. Choose the right answer from following. Zabella's balance on goods and services illustrates a: A) $5 billion deficit. B) $5 billion surplus. C) $10 billion surplus. D) $15 billion deficit. Q : Implicit Costs-Value of time Congratulations! You have made a fortune after establishing the firm which publishes bestselling books of the economic poetry. Your implicit costs comprise: (1) Salaries for your firm’s website designer. (2) The value of your time. (3) Fees for cleaning the serv
Congratulations! You have made a fortune after establishing the firm which publishes bestselling books of the economic poetry. Your implicit costs comprise: (1) Salaries for your firm’s website designer. (2) The value of your time. (3) Fees for cleaning the serv
When a purely competitive industry is into long run equilibrium, in that case a typical firm can: (w) earn normal accounting profit although only zero economic profit. (x) incur economic losses when these are offset by accounting prof
The income elasticity of demand is a measure of the: (w) relative responsiveness of quantity demanded to changes within income. (x) absolute change within demand yielded by an absolute change within income. (y) slope of the income-consumption curve. (
Economic discrimination occurs while: (1) economic rents are received by resource suppliers. (2) wages are proportional to workers’ differing productive contributions. (3) household incomes differ because of different resource ownership. (4) pur
When you buy a bond when the interest rate is 10 percent and sell it while the interest rate is 15%, you will obtain: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) identical amount that you paid for the bond. (z) income
Sec. A:The Bureau of Labor Statistics of a small state has asked you to analyze a minimum wage policy to support unskilled workers in the State’s local economy, which is still suffering from the effects of the recession. Based on
Total variable cost when this firm maximizes economic profits would be: (i) $12,000 per period. (ii) $24,000 per period. (iii) $32,000 per period. (iv) $48,000 per period. (v) $60,000 per period.
When physical capital becomes cheaper, in that case: (w) some workers may be displaced but worker productivity usually rises. (x) automation will make jobs for more workers. (y) workers will supply more labor services. (z) labor supply curves will move in backward ben
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