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.
Constant price elasticity equivalent to one for socket sets would be mainly plausible for demand curve as: (1) D1D1. (2) D2D2. (3) D3D3. (4) D4D4. (5) D
When cost conditions are otherwise identical, compared to the outcome of a purely competitive market, in that case a monopolist: (w) produces less and charges more. (x) maximizes total profits whenever possible. (y) confronts a demand curve where P =
When the New York City government only permits landlords to charge $800 a month for a little apartment while equilibrium rent would be $1,500, this has imposed: (w) price floor. (x) regulation which will result in market surpluses. (y) regulation that
The short-run demand for labor would be LEAST affected by the: (w) productivity of the resource. (x) prices of substitute resources. (y) demand for goods produced by the resource. (z) fixed costs of a firm. Hey fri
Economic losses in an industry generate competitive pressures which cause: (1) industry output to fall. (2) market price to decrease. (3) each firm’s short-run output to increase. (4) rising costs for industry inputs. (5) firms to expand product
Can someone help me in finding out the right answer from the given options that the demand for sport utility vehicles is most probable to decline in response to main rises in: (1) Consumer’s income. (2) The number of consumers. (3) Relative prices for pickups an
As din demonstrated curve J in below is this Christmas tree: (w) industry’s supply curve. (x) firm’s demand curve. (y) firm’s average variable cost curve. (z) firm’s short-run supply curve. Q : Common type of firm among in monopolist The most common kind of competition in between firms within monopolistic competition is: (i) price competition. (ii) product differentiation. (iii) collusion. (iv) predatory pricing. (v) cutthroat competition. Hell
The most common kind of competition in between firms within monopolistic competition is: (i) price competition. (ii) product differentiation. (iii) collusion. (iv) predatory pricing. (v) cutthroat competition. Hell
As comparing income and wealth: (w) differences in their distributions reflect economic discrimination precisely. (x) wealth is a flow variable, whereas income is a stock variable. (y) inheritance explains income differences more totally than wealth d
The law of demand signifies to: (i) The direct relationship accessible between quantity and prices demanded. (ii) The inverse relationship accessible between quantity demanded and opportunity cost. (iii) How demand shifts due to modifications in price
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