ordinal utility
In economics, what is ordinal utility and what are its assumptions
The interest rate will probably fall when households decide to: (w) consume more currently, shrinking the loanable funds obtainable for business investments. (x) buy new homes in place of restoring their old ones. (y) increase the liquidity of their a
When Prohibition Corporation maximizes profit within its production of St. Valentine’s Day software, there average cost per unit of it produced will be roughly: (i) $4 per copy. (ii) $10 per copy. (iii) $18 per copy. (iv) $24 per copy. (v) $32 per copy.
Explain the concept of a concentration ratio. Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry
Within the limit pricing model of strategic behavior, there the demand curve facing a new entrant will be: (w) horizontal. (x) the difference between industry demand and incumbent sales at each price. (y) the difference between the new entrant's outpu
Within the short run, there a monopolistically competitive firm will NOT operate at: (w) an economic loss that is less than fixed costs. (x) an economic loss that is greater than fixed costs. (y) making a normal profit. (z) making economic profits.
Hello, I did attach case study on Microeconomics. Regards,
Even though property rights are fully given and cost-less enforced and transaction costs (i.e., information costs, contracting costs, and mobility costs) are nonexistent, in that case equilibria in all markets in a whole economy may a
I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The firm which is the sole buyer of a specific good or resource is the: (i) Monopsonist. (ii) Conglomerate. (iii) Price discriminator. (iv) P
What happens to ATC if MC < ATC? Answer: ATC will down or fall.
Airlines considerably decreased the number of flights accessible in the year 2005, as compared to flight availability during the year 2000. Passenger mileage was fall. Economists would be least possible to ascribe the decline in airline ticket sales throughout the ear
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