Productivity related problem
Other things equal, an improvement in productivity will: A) shift the aggregate demand curve to the left. B) shift the aggregate supply curve to the left. C) shift the aggregate supply curve to the right. D) increase the price level.
An increase in the demand for loanable funds is reflected within an increase in the: (1) term structure of interest rates. (2) demand for money. (3) supply of bonds. (4) supply of money. (5) demand for bonds. I nee
I have a problem in economics on Persistence of Economic profits in long run. Please help me in the following question. Economic profits will continue in long run only when: (i) There are barriers to the entry and exit. (ii) Markets are much competitive. (iii) There a
Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham&r
What happens to ATC if MC < ATC? Answer: ATC will down or fall.
Pure economic rents are different most from economic profits in which they are: (w) received by the owners of productive resources. (x) frequently costs to the firm using the resources which generate them, but not to society as a whol
To form and effectively keep a cartel over time needs that the: (w) bulk of output be produced and sold by a minute number of cartel members. (x) product be relatively heterogeneous. (y) demand for the product be highly elastic. (z) government totall
Participants in this market would experience a surplus in this market for teleporter buttons: (1) at all possible price per button exceeding P2. (2) equal to distance cd when the price per button equals P1. (3) when this market was primarily in e
Not in between the total demands for loanable funds would be the demands of: (1) consumers for financial capital. (2) business firms for financial capital. (3) government for loanable funds to cover budget deficits. (4) consumers for mortgage funds. (
No profit-maximizing unregulated monopoly will function in the inelastic portion of the demand curve this faces since: (w) marginal revenue is negative. (x) total revenues are negative. (y) total revenue falls as less is produced. (z) marginal revenue
Abnormal profit: It is the gain earned over and above the normal profit.
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