production function
explain the properties of isoquants with diagram
Why is demand curve facing a monopolistically competitive firm probable to be very elastic?
Types of Surveys: Surveys can be classified by their method of data collection. Mail, telephone, and in-person interview surveys are the most common. Extracting data from samples of records is also frequently done.
When a monopolist which does not price discriminate produces output where is demand is unitarily elastic, in that case the firm will: (i) never be capable to maximize profit. (ii) maximize profit only when all costs are fixed. (iii) maximize profit wh
I have a problem in economics on Automation and Wage Rates. Please help me in the given question. When physical capital becomes cheaper: (i) Some of the workers might be displaced however worker productivity as a rule rises. (ii) Automation will
When all US Treasury bonds are perpetuities that annually pay the sum of one thousand and 00/100 dollars [$1000] per annum, always, to the holder of this bond starting one year from today, at an interest rate of 4 percent, the price of this bond is: (
A purely competitive demand of industry for labor is: (1) less elastic than the horizontal summation of the individual firm’s demands. (2) perfectly elastic. (3) upward sloping because of diminishing marginal returns to labor. (4) equal to the h
Select the right answer of the question. A competitive market will: A) achieve an equilibrium price. B) produce shortages. C) produce surpluses. D) create disorder.
Unit of Account function of money: The Unit of Account function of money is also termed as the measure of value function. Money as a unit of account signifies a standard unit for quoting the prices. This makes money a powerful medium of comparing the
The concept that people must have income in proportion to their productivity is termed as the: (1) equality standard of distribution. (2) productivity standard of distribution. (3) needs standard of distribution. (4) utility standard
Suppose that all these curves are infinitely long straight lines. There supply curve which is relatively (although not perfectly) price elastic for all quantities and prices is: (1) supply curve S1. (2) supply curve S2. (3) suppl
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