Problem on price level-real domestic output
Refer to the below diagram. Give me answer of this question. If equilibrium real output is Q2, then: A) aggregate demand is AD1. B) the equilibrium price level is P1. C) producers will supply output level Q1. D) the equilibrium price level is P2.
When each 1 percent hike in the price of pencils causes a 2 percent decline within the quantity of erasers sold, the price crosses elasticity of demand for such complementary goods is about: (1) -2.0. (2) -1.0. (3) -4.0. (4) 2.0. (5) 1.0.
When the wholesale price P = $8 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushel of peaches at a total economic of profit or loss of $___. (i) zero; loss; -$4,000. (
Total revenue for the firm in illustrated figure is __________ __________ total cost.: (w) greater than (x) less than (y) equal to (z) Cannot be determined by the information given. Q : Purely-competitive long-run equilibrium The typical firm produces in a purely-competitive long-run equilibrium where price equals as: (1) short-run average cost. (2) marginal cost. (3) long-run average cost. (4) average revenue per unit. (5) All of the above. Q : Difference between voluntary and Difference between voluntary and involuntry employment: Voluntary unemployment is that portion of working force not willing to engage itself is a gainful occupation. An Involuntary unemployment is that portion of labour force that is willing and capab
The typical firm produces in a purely-competitive long-run equilibrium where price equals as: (1) short-run average cost. (2) marginal cost. (3) long-run average cost. (4) average revenue per unit. (5) All of the above. Q : Difference between voluntary and Difference between voluntary and involuntry employment: Voluntary unemployment is that portion of working force not willing to engage itself is a gainful occupation. An Involuntary unemployment is that portion of labour force that is willing and capab
Difference between voluntary and involuntry employment: Voluntary unemployment is that portion of working force not willing to engage itself is a gainful occupation. An Involuntary unemployment is that portion of labour force that is willing and capab
Can someone help me in finding out the right answer from the given options. However the idea that people seek happiness and try to evade pain dates back to Epicurus and other ancient Greeks, the individual generally acknowledged as the founder of the ‘modern&rsq
Alyssa’s Floral Shoppe dropped its prices for a dozen increases from $45 to $35 in this year. Due to this decrease within price, the quantity sold raised from 1000 to 1500. Therefore the price elasticity of demand for Alyssa’s rises is: (w
State the Law of supply and explain the factors that affecting supply of commodity
The Law of Demand mainly relies heavily on the: (1) Buying power consequences of relative price modifications. (2) Substitution effect resultant from the relative price changes. (3) Increase in opportunity costs as income is worn out. (4) Principle of the non satiety.
When a successful cartel which cannot price discriminate maximizes the joint profits of its members: (1) the marginal social benefits of additional output exceed the marginal social costs of output. (2) this is impossible for any consumer to gain with
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