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 owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.
You are more probable to shop at a remote farmers’ market quite than buy apples at a local grocery store while: (w) possible, since produce is cheaper at the farmers’ market. (x) you would like to buy only vegetables and fruits. (y) the opportunity costs o
At point b, in demonstrated figure the supply curve into this graph is: (w) perfectly elastic. (x) elastic, but not perfectly that why. (y) unitarily elastic. (z) inelastic. Q : Elucidate GNI per capita Elucidate GNI Elucidate GNI per capita?
Elucidate GNI per capita?
The Siberian Software vends custom programs to big multinationals. Its programs are coded in the remote region. In equilibrium, the Siberian faces a marginal factor cost for the programmers of roughly: (1) $21 per hour. (2) $24 per hour. (3) $12 per hour. (4) $18 per
When economies of scale are persistent across the range of output which people might feasibly purchase, in that case: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) competi
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
When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
Can someone help me in finding out the right answer from the given options. When the average production costs rise as the total production of a firm rises, the firm is experiencing: (1) economies of scale. (2) Economies of scope. (3) Diseconomies of scope. (4) Disecon
All output markets which are less than purely competitive are characterized through: (1) domination of the market by some large firms. (2) individual firms that are very small to affect their prices. (3) freedom of entry and exit in the long run. (4)
18,76,764
1959860 Asked
3,689
Active Tutors
1412108
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!