Shifting demand of labor
The demand for labor will shift because of changes in all of the given except: (w) prices of other resources. (x) prices of output. (y) MPP (z) wages. Hello guys I want your advice. Please recommend some views for above Economics problems.
The demand for labor will shift because of changes in all of the given except: (w) prices of other resources. (x) prices of output. (y) MPP (z) wages.
Hello guys I want your advice. Please recommend some views for above Economics problems.
Select the right answer of the question. A restrictive monetary policy is designed to shift the: A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward
Moving by point a to point b to point c to point d to pint e beside demand curve D, then absolute value of the price elasticity of demand for DVDs video games is: (w) greater at lower prices than at higher prices. (x) constant and equal to minus one.
A firm within a purely competitive industry: (w) will produce only as long as its marginal revenue is greater than its marginal cost. (x) decides what level of output to produce based upon an analysis of total revenues and total costs. (y) produces th
The curves demonstrated in this figure reflect that: (i) operation in the short run since fixed costs can be measured in the graph. (ii) a disequilibrium that will force some competitors to exit this market. (iii) how firms innovate new technologies in response to pro
The greater the price elasticity of demand associate to the price elasticity of supply, then the: (i) greater the legal incidence of any tax burden. (ii) smaller the forward shifting of any tax burden. (iii) smaller the backward shift
the setting of a price ceiling below the equililbrium level will
Price discrimination is not possible when: (w) arbitrage is impossible. (x) all consumers have identical demand curves for the good. (y) firms are not price takers. (z) products are differentiated. Please choose th
A monopolist which can’t price discriminate and for that variable cost is zero for all levels of output will maximize profit where is: (w) the price is the maximum any buyer is willing to pay. (x) output exhausts productive capacity. (y) marginal cost = total re
An illustration of a strategic barrier would be a: (w) high-technology firm registering a patent on their newly-designed time machine. (x) law establishing the USPS as the only mail service in the United States. (y) set of costly advertising campaigns
For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.
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