Question on economic cost
Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.
The interest rates business investors into economic capital should pay on a loan: (w) reflect the opportunity costs to society of funding one investment in place of another. (x) are relatively trivial investment costs by investors&rsq
I have a problem in economics on Equilibrium rate of monopsony exploitation. Please help me in the following question. Equilibrium rate of the monopsony exploitation by a firm is a difference between: (i) MRP and VMP. (ii) VMP and w. (iii) MFC and w.
The Implicit costs are: (i) The opportunity costs of resources contributed by the firm’s owner. (ii) Costs that need a cash outlay. (iii) Usually comprised in the computation of accounting profit. (iv) Fictional costs which do not influence the
Equilibrium price: The Equilibrium price refers to a price at which the market demand and market supply are equivalent.
Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for
When you buy a bond at an interest rate of 15 percent and sell it while the interest rate is 10 percent, then you will: (w) receive more than you paid for the bond. (x) receive less than you paid for the bond. (y) receive similar amount that you paid
The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on: A) generally accepted accounting principles. B) legal considerations. C) the judg-ment of the American Economic Association. D) an executive order of th
At P = $100, there 50 tons of Garden-Rich fertilizer are demanded within Patagonia; at P = $80, there quantity demanded is 70 tons. Therefore price elasticity of demand for fertilizer: (w) 5/8. (x) 3/2. (y) 4/5. (z) 2/3.
Elasticity of Demand: The law of demand elucidates that demand will change due to a change in the price of the commodity. However it does not elucidate the rate at w
The Minimum wage legislation is UNLIKELY to aid: (i) Skillful workers who compete with untrained workers. (ii) Untrained workers who don’t lose their jobs. (iii) Buyers of goods which are more capital intensive associative to the buyers of labor intensive goods.
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