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.
Select the right ans wer of the question. The personal distribution of income refers to the: A) division of income between personal taxes, consumption expenditures, and saving. B) division of income on the basis of industry sources, for example, agriculture, transport
Elasticity of Supply: The law of supply states us that quantity supplied will react to a modification in price. The notion of elasticity of supply elucidates the rat
At prevailing wages the LEAST elastic demand for labor is probably faced by: (1) unskilled harvest workers. (2) garment workers. (3) assembly line workers. (4) dentists. Please choose the right answer from above...
When you were unconcerned about the welfare of other people and your income rated you onto the top two percent of the population, then you would be happiest while the Lorenz curve for your country resembled as: (1) li
The Organization of Petroleum Exporting Countries (OPEC) is an illustration of: (w) a monopoly. (x) monopolistic competition. (y) a cartel. (z) decentralized communism. Can someone explain/help me with best solution about problem o
Profit is maximized when this brickyard manufactures an output level of: (1) 6,000 generic bricks daily. (2) 7,000 generic bricks daily. (3) 15,000 generic bricks daily. (4) 17,000 generic bricks daily. (5) 20,000 generic bricks daily. Q : Price ceiling If the government puts a If the government puts a rent ceiling of $650 a month, what is the rent paid and how many rooms are rented? Explain why?
If the government puts a rent ceiling of $650 a month, what is the rent paid and how many rooms are rented? Explain why?
The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor
In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?
Can someone please help me in finding out the accurate answer from the following question. The outcomes of strikes do not comprise: (i) Losses of the perishable products. (ii) Shipping delays. (iii) Decreased production costs. (iv) Shortages.
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