Profit Maximization in Labor Markets
Can someone help me in finding out the right answer from the given options. All the profit maximizing firms use labor up to the point where: (1) VMP = MFC. (2) VMP = w. (3) VMP = MRP. (4) MRP = MFC. (5) MR MC is maximized.
The difference among maximum amount which consumers would willingly pay for a particular quantity of a good and the amount they really pay at a specific market price is termed as: (i) Discount rate. (ii) Mark-up factor. (iii) Familial gains. (iv) Hous
Lower bond prices follow through higher: (w) interest rates. (x) real estate speculation. (y) present value of future income by the bonds. (z) growth rates of national income. Please choose the right answer from ab
I have a problem in economics on Examples of pairs of complementary goods. Please help me in the following question. The illustrations of pairs of complementary goods would comprise: (1) Coffee and tea. (2) Butter and margarine. (3) Motor boats and wa
explain the properties of isoquants with diagram
Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
The one-year old car tends to sell for much less than the brand latest car. A part of the reason is that: (i) Sellers and buyers have similar information regarding used cars as they do latest cars. (ii) Buyers and sellers both encompass more information regarding new
Which of the given two statements involves positive economic analysis and which normative? How do the two type of analysis differ?a. Gasoline rationing (allocating to each year to each individual an annual maximum amount of gasoline whi
For a purely competitive market at any equilibrium point on the short-run supply curve: (w) all firms have identical marginal costs. (x) economic profit is positive. (y) accounting profit is normal. (z) marginal revenue = average cost. Q : MOST Negative Liquidity An asset's An asset's liquidity is, by description, MOST negatively associated to the: (1) asset's suitability as a commodity money. (2) transaction costs incurred in its purchase or sale. (3) speed with which that can be sold. (4) certainty about its market pri
An asset's liquidity is, by description, MOST negatively associated to the: (1) asset's suitability as a commodity money. (2) transaction costs incurred in its purchase or sale. (3) speed with which that can be sold. (4) certainty about its market pri
When a tax on goat cheese is totally paid by consumers through higher prices, in that case the tax has been: (1) alleviated. (2) actualized. (3) backward shifted. (4) forward shifted. (5) randomized. Hello guys I w
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