Perfectly Competitive market condition
In which market condition, the effect of an individual seller is (0) zero? Answer: In Perfectly Competitive market condition.
In which market condition, the effect of an individual seller is (0) zero?
Answer: In Perfectly Competitive market condition.
What is the condition when there is a deficit in balance of trade? Answer: When import > export
Minimum value of investment multiplier: Investment multiplier K=1/1-mpcWhen mpc = 0 then K=1/1-0 = 1 that is the minimum value of investment multiplier
Elasticity of Demand: The law of demand elucidates that demand will change due to a change in the price of the commodity. However it does not elucidate the rate at w
Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<
The economies of scale exist whenever average production costs: (1) Increase as the level of output increases. (2) Drop as the level of output increases. (3) Stay similar as the level of output increases. (4) Drop as the level of output drops. Q : Present consumption and future When interest rate increases, the cost of future consumption decreases?
When interest rate increases, the cost of future consumption decreases?
Demand schedule: This is a tabular symbolization of different quantities demanded at various levels of prices.
A price elasticity of demand coefficient of 2.5 approximately implies that: (1) quantity demanded rises 1 percent while price rises 2.5 percent. (2) quantity demanded grows 2.5 percent along with a 1 percent price cut. (3) price rises 2.5 percent whil
When LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total costs equal the area of the rectangle as: (i) 0P3cq2. (ii) bdP4P1. (iii) 0P4
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