Relationship between MPC and MPS
Determine relationship between MPC and MPS? Answer: MPC + MPS = 1
Determine relationship between MPC and MPS?
Answer: MPC + MPS = 1
Suppose yearly steel sales double to 80 million tons while the price falls $40 per ton, to $180 per ton. Therefore price elasticity of demand for steel is approximately: (w) 3.333. (x) 10.000. (y) 2.500. (z) 6.667. Q : Demand and supply influences Changes in both demand and supply of a commodity might or might not influence its equilibrium price. Describe.
Changes in both demand and supply of a commodity might or might not influence its equilibrium price. Describe.
Subsequent to Judith buys an American eagle shirt at the mall for 50 percent off, she purchases the matching purse, skirt and earrings. Such extra purchases are illustrations of: (i) Complementary goods. (ii) Substitute goods. (iii) Numbers and ages of the buyers. (iv
Government banks function: The central bank conducts the banking account of the government departments. This performs similar banking functions for the government as commercial bank executes for its customers. This accepts their deposits and undertake
The best illustration of an oligopoly is: (1) guaranteed next-day delivery of packages and mail. (2) cranberry production. (3) all the local electric utility companies in New England. (4) the United Autoworkers [UAW] union. (5) Wal-Mart.
If the price falls, there total sales revenues rise, in that case the price elasticity of demand: (1) relatively elastic. (2) relatively inelastic. (3) unitary elastic. (4) zero elastic. (5) inflexibly marginal. Q : Wage Differentials-similar wages Can Can someone please help me in finding out the accurate answer from the following question. As compared to men with identical amounts of experience or education, women on an average earn: (1) Higher wages. (2) Similar wages. (3) Lower wages. (4) There is no special pat
Can someone please help me in finding out the accurate answer from the following question. As compared to men with identical amounts of experience or education, women on an average earn: (1) Higher wages. (2) Similar wages. (3) Lower wages. (4) There is no special pat
Whenever the marginal utility of a good becomes negative or zero: (i) Goods are transformed to the bads. (ii) Net utility reaches the maximum and then declines. (iii) The maximum total advantages have been squeezed from good. (iv) People are unwilling
When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its annual total costs will be around: (i) $45 million. (ii) $65 million. (iii) $85 million. (iv) $105 million. (v) $125 million. <
Monopoly firms which can’t price discriminate: (a) are generally forced to shut down into the long run. (b) find this impossible to bar entry by new competitors within the long run. (c) by producing maximize profit where average
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