production function
explain the properties of isoquants with diagram
In the market economies, resources are finally owned by the: (i) Corporations which dominate the economic activity. (ii) Proprietorships and partnerships. (iii) Business firms collectively. (iv) Individual house-holds. (v) Government acting as the social trustee.
State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.
Factors establishing elasticity of supply: The factors below will persuade the elasticity of supply: 1. Modifications in cost of production. 2. Behavior pattern of producers. 3. Accessibility of faci
When this purely competitive industry is described by moderately increasing costs, in that case line C would represent: (w) the demand curve facing the entire industry as a whole. (x) market-period supply. (y) long-run market supply. (z) short-run sup
An imperfectly competitive firm can’t maximize its profits through producing where demand is: (w) elastic. (x) unitarily elastic. (y) inelastic. (z) downward sloping. Can someone explain/help me with best sol
An illustration of economic capital would be: (1) loanable funds in banks. (2) factory buildings. (3) gold held through price speculators. (4) labor’s productive skills. (5) corporate stocks. How can I solve
When the interest rate increases, in that case the price of a long-term bond: (w) rises faster than a perpetuity bond. (x) falls. (y) does not change. (z) appreciates relatively less than a short term bond. Hello g
I have a problem in economics on Problem on Paradox of Value. Please help me in the following question. Since diamonds are much expensive as relative to water, the: (i) Fundamental needs of people don’t comprise water. (ii) Consumer surplus from consuming the di
Resources tend to flow toward industries in the long run along with: (w) lower profits for typical firms. (x) more profit for typical firms. (y) lower payments to most resource owners. (z) more stable rates of technological change. Q : Responding higher prices for heating Can someone help me in finding out the right answer from the given options. Canadians would ultimately be likely to respond to higher prices for heating oil and natural gas through (i) Turning up their electric blankets and insulating their houses more carefully. (ii)
Can someone help me in finding out the right answer from the given options. Canadians would ultimately be likely to respond to higher prices for heating oil and natural gas through (i) Turning up their electric blankets and insulating their houses more carefully. (ii)
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