Microeconomics
Question #2 Consumer Demand. How to answer questions from a-g iii. I belive the MRS is 2y/x for B. But not sure
The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining. Q : In value planning what matter in In the value of planning what still matters in strategic management lies?
In the value of planning what still matters in strategic management lies?
Market for goods is in equilibrium. There is an increase in demand for this good. Describe the chain of effects of this change. Elucidate with the help of diagram.
Whenever eating a whole pizza and realizing that the last piece didn’t taste almost as good as the first, you are experiencing is: (1) Diminishing the marginal utility. (2) Law of comparative advantage. (3) Law of income effect. (4) Law of supply.
The Minimum wage laws potentially raise both employment and wages if firms: (i) Have monopsony power in the labor market and don’t wage discriminate. (ii) Practice outsourcing across the international borders as labor costs abroad are lower. (iii) Are pure compe
I have a problem in economics on Problem of tax on a good. Please help me in the following question. The tax on a good tends to form: (1) A wedge between the price buyers pay and the price sellers collect. (2) Rises in supply from the perspectives of buyers. (3) More
Assume that an existing apartment complicated is predicted to generate a consistent net of $1,250,000 cash flow per year into rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When th
Imposition of a price floor tends to generate a: (w) shortage of the good. (x) surplus of the good. (y) excess demand for the good. (z) sellers’ market for the good. Hey friends please give your opinion for t
Can someone please help me in finding out the accurate answer from the following question. The business vice president employs company money to furnish an excessively plush office. This is an illustration of: (1) Corporate surplus in America. (2) The principal-agent p
Evaluate which one is not correct? A typical production possibilities curve: A) indicates how much of two products a society can produce. B) reveals how much each additional unit of one product will cost in terms of the other product. C) specifies how much of each pro
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