Problem on coefficient of income elasticity
Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B 3) C 4) D
One of the main disadvantages of operating a corporation in relative to operating a sole partnership or proprietorship is that corporations tend to: (i) Offer just limited legal liability to their stockholders. (ii) Utilize specialized management pers
When any truly existed, then perfectly inelastic demand curves would include: (i) price elasticities of infinity and be horizontal. (ii) zero elasticity and be horizontal. (iii) a slope of one. (iv) price elasticities of infinity and would be vertical
Price cross elasticity of demand measures the responsiveness of: (1) quantity of a good sold to changes within its price. (2) quantity sold to changes within income. (3) price of one good to changes within the sales of other. (4) amount demanded of on
In adding up to monetary prices, the costs of buying and selling comprise: (1) Wage payments. (2) Monopoly gains. (3) Social advantages. (4) Transaction costs. (5) Pecuniary externalities. Please someone suggest me
The Demand curves are negatively-sloped mainly as people: (1) Encounter advertising which molds the product images. (2) Have less purchasing power if prices fall for the things they sell. (3) Use goods which rise in price less, and expand the utilizat
For a purely competitive firm and for a nondiscriminating unregulated monopolist, the marginal revenue is: (1) identical to the price per unit of output. (2) equal to marginal cost when profit is maximized. (3) greate
Financial institutions make possible economic efficiency primarily since: (w) laissez faire markets handle asymmetric information poorly. (x) corporate ownership must be stabilized. (y) they channel funds from agents along with surplu
The rate of return for an asset which costs $1,500 today and pays $1,800 a year from now is: (1) 5 percent. (2) 10 percent. (3) 15 percent. (4) 17.5 percent. (5) 20 percent. Please choose the right answer from abov
Reliance on private demands and supplies to allocate resources and goods is least specific to yield an economically inefficient solution when: (i) producers have significant monopoly power. (ii) a good is nonrival and
When the rate of return onto an asset exceeds the interest rate: (1) its present value exceeds its price. (2) the market is moving away by equilibrium. (3) you should sell the asset as rapidly as possible. (4) economic rent is being r
18,76,764
1953569 Asked
3,689
Active Tutors
1424488
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!