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 union based just on workers with a specific skill, and which usually consists of apprenticeship programs which lead to ‘journeyman’ and then ‘master craftsman’ ratings is a/an: (1) Craft union. (2) Open union. (3) Company union. (4) Exclusi
For the purely-competitive cranberry market, as in below figure there Curve H is: (i) industry’s long-run supply curve. (ii) firm’s demand curve in the short run. (iii) industry’s marginal cost curve. (iv) firm’s long run margi
Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC Can anybody suggest me the proper explanation for given problem rega
A member of a cartel would be probably to increase its profits by: (1) undercutting the prices of other cartel members when this did not get caught. (2) setting its price above which of other cartel members. (3) aggressive nonprice marketing promotion
If the resource suppliers are paid less than the values of their marginal products [VMPs], then they are stated to be: (i) In equilibrium. (ii) Exploited. (iii) Monopolistic. (iv) Monopsonistic. Can someone please help me in findin
The model of collective bargaining designed by the John Hicks graphically resolves for the level of: (i) Wage rate and length of strike. (ii) Fringe advantages and safety cases on the job. (iii) Wage rates and union dues. (iv) Union control over the w
Equilibrium interest rates change among various financial instruments due to differences in all of the given EXCEPT: (w) default risk. (x) time to maturity. (y) liquidity. (z) the solvency of the lender. Hey friend
I have a problem in economics on Influence of Demand in the market price of good. Please help me in the following question. In short run, a demand curve would not shift the following a change in: (i) The size and distribution of national income. (ii)
Can someone please help me in finding out the accurate answer from the following question. The relative monetary values organizations put on selling a bit more or less of a good are termed as: (i) Supply curves. (ii) Gain-maximizing prices. (3) Supply prices. (4) Pric
One of my friends can't succeed to get the answer of this question. Provide answer of this question. Economists of neoclassical argue that goods contain just subjective (or personal) use-value dimension; heterodox economists argue that goods contain use-value and soci
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