Shortages and surpluses in the market
A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.
A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae.
I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.
John Bates Clark's marginal productivity theory gives details that the marginal productivity of resources finds out: (w) the true value of human life. (x) an equitable distribution of tax burdens. (y) the income distr
Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
Evidence that may potentially be cited as conflicting with the law of diminishing marginal utility would comprise: (i) Della’s enthusiasm for all-you-can-eat buffet diminishes subsequent to her fifth plate of lasagna. (ii) Jethro trades in his 1981 Gremlin on th
When a firm shuts down, short-run losses of it equals total: (w) implicit costs. (x) variable costs. (y) fixed costs. (z) resource costs. I need a good answer on the topic of Economics problems. Pl
The demands for productive resources are eventually “derived” by the: (w) marginal utility they directly generate. (x) demands for consumer goods and services. (y) disutility incurred in supplying labor. (z) equity of resource owners as ju
Unit of Account function of money: The Unit of Account function of money is also termed as the measure of value function. Money as a unit of account signifies a standard unit for quoting the prices. This makes money a powerful medium of comparing the
This purely-competitive lumber mill experiences on the average day is an: (w) economic profit of about $340. (x) economic loss of roughly $150. (y) accounting profit of less than $300. (z) accounting loss of more than $100. Q : Problem on average retail price and the Table indicate the average retail price of milk and the Consumer Price Index in the year 1980 -1998. Q : Firms in industry change When the firms When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
Table indicate the average retail price of milk and the Consumer Price Index in the year 1980 -1998. Q : Firms in industry change When the firms When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
Transaction costs tend to be decreased, consumer prices tend to be lower and additionally stable and economy-wide efficiency is enhanced if: (1) rigid wage and price controls are imposed. (2) central planning fosters
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