perfect competition
‘In the real world there is no industry which conforms precisely to the economist’s model of perfect competition. This means that the model is of little practical value
Financial intermediation occurs while financial institutions: (w) incur substantial outflows of funds. (x) channel flows from the ultimate lenders to the ultimate borrowers. (y) face rigid reserve requirement ratios. (z) experience "runs" when deposit
Can someone help me in finding out the right answer from the given options. Among the factors influencing the demand curve for lime flavored Doritos is the: (i) Supply of lime-flavored Doritos. (ii) . Income of snack lovers. (iii) Production costs for the Doritos (iv)
For a competitive firm the short-run supply curve is the: (w) marginal cost curve which is above the average total cost curve. (x) marginal cost curve which is above the average variable cost curve. (y) upward sloping part of the marginal cost curve.
Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.
For a monopsonist in the labor market, the marginal resource cost of labor is:
Illustrate the term monopoly?
Pure economic profits do not arise due to: (w) monopoly power. (x) capital owners’ receipts of normal accounting returns to investment. (y) risk and uncertainty. (z) entrepreneurial innovation. How can I solv
Economies of Scale: ‘Economies’ means benefits. The scale refers to the size of unit. ‘Economies of Scale’ refers to the cost benefits due to
Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.
When wage discrimination is not possible for first 40 workers then this profit-maximizing firm hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average wage of the
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