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.
When demand for a consumer good is relatively price inelastic, in that case the: (i) total spending of consumers will decline when the price rises. (ii) demand curve is linear and vertical. (iii) price of the good is determined through supply alone. (
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter
Why would stocks perform better in the month of January than other months of the year, and discuss whether small market capitalization companies outperform large capitalization companies in the short to medium term?
Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource owners to insure their continued
Asymmetric information is less difficult for the efficiency of laissez faire transactions whenever transactions: (i) Are voluntary and are predict to be repeated many times. (ii) Costs are relatively very high. (iii) Are regulated by the complex govt.
If one industry’s development stimulates development in support and complementary industries, it permits firms within the industry to: (i) move up their rising long run average costs curves. (ii) sell their products for higher prices. (iii) focus old technologie
Can GDP be more than GNP? Answer: Yes, GDP can be greater or more than GNP if NFIA is negative.
I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists.
In output markets, the simple circular flow model, households replace their _________ for _________.Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | goods. (3) Income | goods. (4) Go
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