ordinal utility
In economics, what is ordinal utility and what are its assumptions
Describe three properties of a variable proportions production function that make sure that it allow profit maximization and cost minimization.
The below table presents the three possible states for stocks A and B returns. (a) De
I have a problem in economics on Production Costs of goods problem. Please help me in the following question. In order to provide more goods on the market, firms increase prices to cover: (1) Rising opportunity costs in the production. (2) Technologic
Question #2 Consumer Demand. How to answer questions from a-g iii. I belive the MRS is 2y/x for B. But not sure
Prohibition Corporation’s very famous St. Valentine’s Day software is going within version 6. The very first point Prohibition requires to classify in its quest to maximize profit is the: (1) point e. (2) point f. (3) point g. (4) point h.
1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
The profit-maximizing price for copyrighted smash-hit St. Valentine’s Day software of Prohibition Corporation is: (i) $12 per copy. (ii) $20 per copy. (iii) $24 per copy. (iv) $32 per copy. (v) $40 per copy. <
Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. Q : What demand curve illustrates What What demand curve illustrates?
What demand curve illustrates?
Can someone help me in finding out the most precise answer from the given options. The Monetary revenue produced by the firm throughout a specific period minus its explicit costs gives up: (1) Value added. (2) Gross cash flow. (3) Tax liability. (4) Economic income. (
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