Price elasticity of supply of commodity
Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unitary elastic (es = 1).
Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree?
Answer: Unitary elastic (es = 1).
Price discrimination: The Price discrimination is a situation whenever a monopolist charges distinct price from various buyers of the similar product. This is usually done to maximize profits.
The resource least probable to conform to the supply curve demonstrated in this figure would be: (w) land. (x) capital. (y) labor. (z) entrepreneurship. Q : Additionally productive work American American workers tend to be additionally productive than their counterparts within Asia since they have: (1) less capital to work along with. (2) more capital to work with. (3) lower marginal products. (4) been instilled along with a stronger work eth
American workers tend to be additionally productive than their counterparts within Asia since they have: (1) less capital to work along with. (2) more capital to work with. (3) lower marginal products. (4) been instilled along with a stronger work eth
When the prices rise of Comfort shoes rise through two percent, causing Wonder sock sales to fall through six percent, these goods are _____, and _____ is about the cross price elasticity of demand. (1) luxuries; 6. (2) necessities; 2. (3) subst
Hello, Would you please find a project in managerial economic in the attachment. Please tell me in which price you will be solve it and when you complete it? NOTE: I attach tow files (one is the project and another as the sample for it) I choose Starbucks company for the project. A Special N
A person who tries to buy low within expectation of being capable to sell high later is: (w) profiteer. (x) speculator. (y) financial intermediary. (z) capital supplier. Hello guys I want your advice. Please recommend some views fo
The income elasticity of demand can be approximately computed if we identify the percentage change within the: (1) quantity of a good demanded yielded by a specified absolute change in income. (2) price generated through a specified change in quantity
I have a problem in economics on Law of Equal Marginal Advantage. Please help me in the following question. The very last cents spent on each and every good should give up equivalent subjective profits according to the principle of: (i) Subjective pre
The resource most probable to be viewed as the fixed in short run by a firm which operates a cable TV and Internet connection system would be: (1) Unskilled workers who bury the cable. (2) The personal computer (3) Satellite dishes that it has leased to the customers.
Chris ate Ramen Noodles or pinto beans for each and every meal whereas an impoverished college student. Chris graduated and landed a job beginning at a yearly salary of $50,000. Chris’s demands for the Ramen Noodles and pinto beans were most lik
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