Normative goals of microeconomics
Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income. Please friends choose one choice from the above. I want your suggestion for above problem.
Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income.
Please friends choose one choice from the above. I want your suggestion for above problem.
I have a problem in economics on Analytic Time-The Market Period and Products Flow Model. Please help me in the following question. According to the Alfred Marshall, the period of time so short that output is fixed is: (1) Chronological run. (2) Marke
The Department of the Census defines middle relative income as experienced while a family: (w) has adequate income to buy the fundamental food clothing and shelter required for survival. (x) would like to enhance their personal welfar
State how is a single buyer a price taker in the perfect competition? Answer: A single buyer’s share in total market demand is too significant that the buyer
Within this kinked demand curve model, when this firm operated at point a and increased its price from P2 to P3 but other firms did not increase their prices, in that cases equilibrium for this firm would move to be: (w) point b.
On this demonstrated figure of demand curve for DVD games, demand appears to be approximately unitarily elastic at: (w) Q = O, P = $50. (x) Q = 10, P = $O. (y) Q = 5, P = $25. (z) No point on the demand curve. Q : Limit Pricing Strategy When an When an incumbent firm uses an edge pricing strategy: (w) this can maximize short run profits and discourage entry in the market. (x) this may not be maximizing short run profits, but this can make positive economic profits over the long run. (y) the
When an incumbent firm uses an edge pricing strategy: (w) this can maximize short run profits and discourage entry in the market. (x) this may not be maximizing short run profits, but this can make positive economic profits over the long run. (y) the
When the rate of return you calculate on an asset exceeds the interest rate: (1) competition for profit must make its price fall rapidly. (2) the price must fall rapidly. (3) the market is in long term equilibrium. (4) you should igno
Price elasticities of demand tend to as: (i) fall as higher prices are charged. (ii) rise as higher prices are charged. (iii) almost always be constant. (iv) not be associated to the length of time. (v) not be influenced by price changes.
The contribution standard of income distribution: (w) sets the least efficient incentives for production. (x) is the distribution standard most compatible along with pure capitalism. (y) minimizes individual economic freedom. (z) is very complimented
When the demand curve for wheat is negatively sloped, increases in its supply will: (1) Lower the equilibrium price. (2) Increase the equilibrium price. (3) Reduce the equilibrium quantity. (4) Stimulate technological modification. Discover Q & A Leading Solution Library Avail More Than 1443880 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947755 Asked 3,689 Active Tutors 1443880 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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