Problem based on type of economy
Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.
Revenue deficit in government budget: Whenever the revenue expenses of the government is more than the revenue receipts it is termed as revenue deficit Revenue expenditure > Revenue receipts
Most economists favor purely competitive markets since they tend to as: (1) economies of scale. (2) large profits. (3) mutual interdependence. (4) corporate organizations. (5) economic efficiency. Hello guys I want
Complements: The two goods for which a rise in the price of one good leads to a reduction in the demand for other.
Examine within your answer the circumstances that will enable a company to pass on cost increases to customers and protect profit margins. For example- price sensitivity of demand, rising food prices, cotton prices, etc.
Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.
Thorstein Veblen is most particularly remembered for arguing that: (i) Consumer surplus is maximized by setting the marginal utility equivalent to price. (ii) National income [or NI] equivalents gross domestic product [or GDP] in circular flow model.
Transactions increase and demand prices move below supply prices while a good turns into: (w) subsidized by the government. (x) subject to a high sales tax. (y) more technologically advanced. (z) a complementary by pr
Each and every profit-maximizing firm which can cover its variable costs will hire the labor: (1) Just to the point of the diminishing returns. (2) Just to the point where MRP = ARP for the final worker hired. (3) Beyond the point of the diminishing r
Please, describe me what lexicographic is and its application also.
What does AFC curve appear like? Why does it appear so?
18,76,764
1946994 Asked
3,689
Active Tutors
1419131
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!