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?
What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.
An income elasticity of demand for a good equivalent to two implies roughly that: (1) demand curves for the good slope upward. (2) the product is an inferior good. (3) each 1% gain in income boosts the amount sold through 2%. (4) a 20% gain in income
Savers who in that way make capital available to society are rewarded along with economic: (1) interest. (2) capital gains. (3) perpetuities. (4) profits. (5) rent. How can I solve my Econo
When resource markets are competitive and transaction costs are low, in that case landowners: (1) pass forward completely any land tax. (2) can drive up the rental rate of land by changing its supply. (3) bear the full burden of any t
When technological advances within agriculture generate bumper crops of farm products for that demands are relatively price inelastic, in that case the: (w) average income of farmers will decline relative to per capita income for the
The absolute intensity of one consumer’s preferences and tastes as compared to the absolute intensity of the other consumer’s tastes and preferences is as: (1) Dependent on the supplies of specific products. (2) Individually recognized in
Some of the consumers strongly prefer Pepsi and some strongly prefer Coke. Thus there is no single market for colas. This statement is true or false ? Explain.This statement is false. Although some people have strong preferences for a specific
Can someone help me in finding out the right answer from the given options. From a purely financial viewpoint, we should stop going to school if you: (i) Graduate from college. (ii) Have to take out educational loans at interest rates which exceed the inflation rate.
When the Kroger grocery chain raises the price of Starbuck’s Frappuccino, in that case Safeway will remain its price the same. Although, if Kroger drops the price of Frappuccino, then Safeway will match the price cut. This kind of behavior conforms to the: (1) s
I have a problem in economics on Scope of Economies. Please help me in the following question. Whenever the production of one good (example: milk) decreases the production costs of complementary products (that is, butter and cheese), a firm is capable
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