Production function
Describe three properties of a variable proportions production function that make sure that it allow profit maximization and cost minimization.
I have a problem in economics on Monopsonistic exploitation. Please help me in the following question. The Monopsonistic exploitation of labor signifies that the: (i) Influenced workers receive much low wages. (ii) Firm reaps big economic gains by exploiting the worke
I have a problem in economics on Value of the Marginal Product. Please help me in the following question. Value of the marginal product is stated as: (1) MPP × P. (2) MPP × MR. (3) MPP × MC. (4) MPP × MRC. Q : Economics expectations of price hike expectations of price hike for durable goods tend to:
expectations of price hike for durable goods tend to:
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.
What is Marketability. Write some points for it.
Select the right answer of the question. We would expect a cartel to achieve: A) both allocative efficiency and productive efficiency. B) allocative efficiency, but not productive efficiency. C) productive efficiency, but not allocative efficiency. D) neither allocati
Price elasticities of demand tend to as: (i) fall as higher prices are charged. (ii) rise as higher prices are charged. (iii) almost always be constant. (iv) not be associated to the length of time. (v) not be influenced by price changes.
A firm generating where MC = SRAC = LRAC operates at the minimum point of its: (w) short-run and long-run average total cost curves. (x) long-run total cost curve. (y) total physical product of labor curve. (z) maximum profit curve. Q : Problem on adjustments in Income Effect Whenever your purchasing power drops as the price of a good you purchase increases, you make adjustments as of the: (1) Marginal utility effect. (2) Price level effect. (3) Income effect. (4) Consumer excess effect. Choose the righ
Whenever your purchasing power drops as the price of a good you purchase increases, you make adjustments as of the: (1) Marginal utility effect. (2) Price level effect. (3) Income effect. (4) Consumer excess effect. Choose the righ
Can someone help me in finding out the right answer from the given options. Economically, the labor unions can be thought of as: (1) Motivating competition between workers for jobs. (2) Raising the flexibility of the nominal wages. (3) Attempts to cartelize and unite
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