Rightward shift of PPC
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
What was rightward shift of PPC point out?
Answer: It points out growth of the resources.
Illustrates the inverse relationship between price and quantity?
Which of the given is not true for a firm within perfect competition: w) Profit equivalents total revenue minus total cost. x) Price equivalents average revenue. y) Average revenue is greater than marginal revenue. z) Marginal revenue equivalents the
Question: Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment? Answer:
Illustrate other than price many factors determine the outcome?
What are the merits of speciality in the use of human and material resources?
Why Public or social goods not be produced through the market?
Economic efficiency needs that, relative to the other goods which different individuals might consume, the people who value exact goods relatively the most should own and/or use all goods. Such principle is termed as: (i) economic equity. (ii) allocat
Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t
numbers of sellers in pure competition?
Use the economic perspective to explain the behavior of the workers? Why do they work so diligently?
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