State normal good
Normal good: It is a good for which, other things equivalent, a rise in income leads to a rise in demand.
I have a problem in economics on Monopsonistic firms-Pay lower wages. Please help me in the following question. Relative to the firms hiring in a competitive labor market, the monopsonistic firms tend to: (1) Hire more workers. (2) Hire labor up to a
Question: a) Johnny consumes peanuts (x1) and a composite good (x2). His utility function is U = x1x2. His marginal utilities are MU1 = x<
Surveys or Polls: The word survey or poll usually describes a method of gathering information from a sample of individuals. In contrast to a census, where all members of the population are studied, surveys collect details from only a part of a populat
When cost structures and market demands were identical for each of the given types of firms, in that case the structure-conduct-performance paradigm would predict the greatest profits for: (1) pure monopolist. (2) price-discriminating monopolist. (3)
The high poverty rate in between those who do not work: (w) reflects voluntary choices for leisure over income and work. (x) is no cause for concern if it involves voluntary choice. (y) occurs since family responsibilities prevent many people from wor
Give me the answer of this question. The most important determinant of consumer spending is: A) the level of household debt. B) consumer expectations. C) the stock of wealth. D) the level of income.
Optimal Sample Size: The optimal or suitable size of sample in a survey or poll is the function of four discrete factors: 1. Size of the population: The size of the
The change in profit by producing an extra unit of good equivalents: (w) marginal revenue [MR]. (x) marginal revenue minus marginal cost [MR – MC]. (y) MR = MC. (z) ATC - AVC. Hello guys I want your advice. P
What is the difference between Market Demand and Individual Demand?
Can someone help me in finding out the right answer from the given options. From a purely financial viewpoint, we should stop going to school if you: (i) Graduate from college. (ii) Have to take out educational loans at interest rates which exceed the inflation rate.
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