--%>
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 : Condition for deficit in balance of

    What is the condition when there is a deficit in balance of trade? Answer: When import > export

    		•
  • Q : Production and consumption of good of

    Production and consumption of a good is most probable to be economically inefficient in a private market system while private decisionmakers: (i) are affected by government policymakers. (ii) avoid how the activity generates benefits on non-decisionma

    		•
  • Q : Kinked Demand by increasing price In

    In this kinked demand curve model as in demonstrated, when this firm operates at point a and increases its price from P2 to P3 and its rival firms respond by increasing their prices, in that case this firm will move from point a

    		•
  • Q : World bank loans problem Select the

    Select the right answer of the question. The World Bank: A) provides military assistance to those nations interested in improving national defense. B) makes and guarantees loans for basic development projects such as the construction of dams, roads, and schools. C) pr

    		•
  • Q : Positional Goods Consider things like

    Consider things like yachts, tattoos, mansions, Harley-Davidsons or bling. Whenever the satisfaction derived from the good depends just weakly on an intrinsic attributes of the good and much strongly on how the good signals group membership or the status, power or soc

    		•
  • Q : Guidelines for Estimating Times and

    Guidelines for Estimating Times and Costs: Determine responsibilities. Use many people to estimate. Base estimates on general conditions. Select time units, and be consistent in their use. Indepen

    		•
  • Q : Less present value by given price When

    When the market interest rate exceeds the rate of return you compute on an asset: (i) competition for profit must make its price rise quickly. (ii) its present value is less than its price. (iii) the market is in long term equilibrium

    		•
  • Q : Automation in unionized industries Can

    Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least probable to follow: (i) Tighter immigration policies. (ii) Obligatory retirement programs. (iii) High union initiation fees. (iv) More auto

    		•
  • Q : Collective Bargaining and Monopsonistic

    Can someone help me in finding out the right answer from the given options. Assume that sales of generic beds are highly competitive and Deluxe Beds is just significant employer in Nowhere, Nevada. When deluxe workers unionize and

    		•
  • Q : Automation process I have a problem in

    I have a problem in economics on Automation process. Please help me in the following question. The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) Bionic engineering. (3) Robotics. (4) Scientific manag

    		•