Perfectly inelastic supply of labor
Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?
When all goods are produced in highly competitive markets as well as there are no externalities, goods tend to be manufactured: (i) relatively inefficiently. (ii) along with the most efficient technology at the lowest price. (iii) along with maximum p
Can someone please help me in finding out the accurate answer from the following question. The restrictive work rules which need firms to employ more workers than required are termed as: (1) Feather-bedding. (2) Seniority contracts. (3) Blacklisting regulations. (4) A
The concept that innovation is a main source of economic profit is central to the concepts of: (1) Joseph A. Schumpeter. (2) Karl Marx. (3) Frank Knight. (4) Horatio Alger. (5) John Bates Clark. Ca
Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y
Factors establishing elasticity of supply: The factors below will persuade the elasticity of supply: 1. Modifications in cost of production. 2. Behavior pattern of producers. 3. Accessibility of faci
The demand for labor will shift because of changes in all of the given except: (w) prices of other resources. (x) prices of output. (y) MPP (z) wages. Hello guys I want your advice. Please recommend some views for
Though all the time a negative number that the ______ is commonly stated like an absolute value to specify discussions. (w) price elasticity of demand (x) income elasticity of demand (y) price cross elasticity of demand (z) price elasticity of supply<
As per the equality standard of income distribution: (w) people should be paid according to their needs for income. (x) income should be distributed to resource owners. (y) justice requires national income to be divided equally. (z) people should be p
Alyssa’s Floral Shoppe dropped its prices for a dozen increases from $45 to $35 in this year. Due to this decrease within price, the quantity sold raised from 1000 to 1500. Therefore the price elasticity of demand for Alyssa’s rises is: (w
HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. So the price consistent along with HoloIMAGine's profit-maximizing output would be of: (1) price P1. (2) price P2. (3) price
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