Meaning of utility
For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.
For a negative income tax the break-even level of income plan (NIT) is: (1) negatively related to the plan’s basic income floor. (2) positively related to the negative income tax rate. (3) a main influence on the total cost of t
When this firm produces 5,000 units of output monthly in this demonstrated figure, in that case its total variable costs equal as: (w) $75,000 per month. (x) $15,000 per month. (y) $18,000 per month. (z) $3,000 per month. Q : Policies for overall demanding labor Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc
Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc
Describe the problem of What to produce?
I have a problem in economics on Adverse Selection problem. Please help me in the following question. When Sally Sleaze sells Terry Tonedeaf a low quality boom-box by advertising it as ‘top of the line’, there is a trouble of: (i) Irrational ignorance. (ii
The Lorenz curve gives an indication of: (w) the poverty rate. (x) dead end poverty. (y) relative poverty. (z) post-transfer poverty. Can someone explain/help me with best solution about problem of Economic
The fixed costs of a purely competitive firm are: (w) incurred within the short run even if no output is produced. (x) wage payments and raw materials costs. (y) the bulk of short run opportunity costs. (z) not found by earlier decisions.
In the following diagram, the elimination of discrimination is best depicted by: 1) a move from C to E. 2) an inward shift of the production possibilities curve. 3) a move from A to D. 4) a move from E to C. Q : Setting price and produces an output Assume that Babble-On’s patents for speech-translation software covering 314 languages lapsed, as well as entry of new competitors within this market eroded the demand for Babble-On software, but the firm retains several market powers since competitors’ pr
Assume that Babble-On’s patents for speech-translation software covering 314 languages lapsed, as well as entry of new competitors within this market eroded the demand for Babble-On software, but the firm retains several market powers since competitors’ pr
When technological advances boost market supply and total revenue both within an industry, in that case: (w) demand is relatively price elastic. (x) the industry is dominated by a monopoly. (y) patenting technological advances ensures
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