--%>
Assignment Help - homework help

Problem on hyperinflation

In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility. (3) The substitution effect. (4) The supply law. (5) Sticky salaries.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Union Strategies and the Taft-Hartley

    The union strategy made illegal through the Taft-Hartley Act of 1948 was: (1) Jurisdictional strikes centered on which the unions would symbolize a firm’s staff. (2) Contracts in which the firms agreed to preferentially encourage the union members. (3) ‘Ri

    		•
  • Q : Buying something when expect a price to

    Buying since you expect a price to increase, at that point you will sell, which is termed as: (w) arbitration. (x) speculation. (y) profiteering. (z) arbitrage. Hey friends please give your opinion for the problem

    		•
  • Q : Problem on wage discrimination Firms

    Firms which discourage the workers from discussing their salaries or wages are most likely engaged in the policies of: (i) Respect for the worker’s privacy. (ii) Monopolistic exploitation. (iii) Perfect competition. (iv) Cooperation rather than competition. (v)

    		•
  • Q : Calculation of market demand To compute

    To compute the market demand for air-filled mattresses, add up the: (i) Amounts demanded at each and every price. (ii) Amounts supplied at each and every price. (iii) Demand prices at each and every quantity. (iv) Supply prices at each and every quant

    		•
  • Q : Price discriminate by unregulated

    Unregulated monopolistic firms which do not price discriminate do NOT: (i) have power as price makers. (ii) dominate the supply side of the market. (iii) select profit maximizing price/quantity combinations from the market demand curv

    		•
  • Q : Prices and sales of normal goods The

    The growth of per capita national income would most likely rise the: (i) Prices of lard and employed tires. (ii) Federal budget deficit. (iii) Prices and sales of the luxury cars. (iv) Supply of untrained labor. Ca

    		•
  • Q : Marginal Utilities and Demand Prices

    Can someone help me in finding out the right answer from the given options. Rational individual consumers tend to purchase goods until the relative market prices for each and every goods purchased are proportional to all individuals: (i) Cost or benefit ratio. (ii) Op

    		•
  • Q : Comparison of competitive and

    If compared to competitive advertising, in that case informative advertising tends to: (1) help consumers make more satisfying choices. (2) be a waste of resources. (3) increase transaction costs. (4) be less efficient than competitiv

    		•
  • Q : Nonrivalry and nonexcludability Select

    Select the right ans wer of the question.Nonrivalry and nonexcludability are the main characteristics of: A) capital goods. B) private goods. C) public goods. D) consumption goods.

    		•
  • Q : Capitalization in expected income

    Capitalization is the process whereby wealth is produced and after that recognized when: (1) financial institutions transform households’ saving in economic investment. (2) asset prices are adjusted through market forces to reflect the present v

    		•