Nonrivalry and nonexcludability
Select the right ans wer of the question.Nonrivalry and nonexcludability are the main characteristics of: A) capital goods. B) private goods. C) public goods. D) consumption goods.
Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.
Choose the right answer from following. Tariffs: A) may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). B) are also called import quotas. C) are excise taxes on goods exported abroad.
As per such supply and demand curves for peanuts, there is the: (w) demand for peanuts has fallen. (x) price rises to P1 due to better peanut technology. (y) production of peanuts was initially Q0. (z) new equilibrium price of pe
There is substantial evidence which: (w) size alone protects modern corporations from competitive pressures. (x) big unions manipulate government more than big business does. (y) the marketplace serves business firms better than consumers. (z) high pr
One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?
Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
Describe the role of given in correcting deflationary gap in an economy. A) Govt. ExpenditureB) Legal Reserve Ratio
The Square-Wheeled Locomotive, the last passenger train to Flatland, Iowa, wants more total revenue. When passengers’ demands for tickets are comparatively price elastic, in that case the railroad must: (1) raise the price, but lower this when d
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
Break-even levels of output for a firm happen where is: (w) total revenue equals total economic cost. (x) accounting profits are zero. (y) total variable cost equals total fixed costs. (z) competitive firms will shut down within the short run.
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