State the relationship between MPC and multiplier
State the relationship between MPC and multiplier? Answer: The value of multiplier differs directly with MPC. K=1/1 - MPC.
State the relationship between MPC and multiplier?
Answer: The value of multiplier differs directly with MPC.
K=1/1 - MPC.
Capitalization is a process: (a) that converts fixed cost into variable cost. (b) by which predictable income flows are translated into wealth. (c) of financial intermediation by bankers. (d) of exploiting unskilled workers. Q : How much loss an industry bear How much How much loss can an industry bear? Answer: An industry can bear losses up to its total fixed costs.
How much loss can an industry bear? Answer: An industry can bear losses up to its total fixed costs.
What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.
The strategy which is most likely to yield the maximum wages and employment and the most economic clout for all the workers over long run would be for a union to: (i) Restrict entry to a specific occupation. (ii) Boycott non-unionized firms which compete with the unio
Mike trades 6 vintage baseball cards for the Jake’s original Ty Cobb card. When Mike’s six cards had equivalent total market value with Jake’s Ty Cobb card, then this trade would show: (i) Unfair incentive. (ii) Demand price. (iii) Opportunity cost.
In economic theory of production: (1) Average fixed costs equally drop as the capacity of firm rises. (2) Technology can be varied wholly. (3) The choices available to firm raise as longer periods are considered. (4) Firms which do not cover all the h
is the price in the "law of demand" a relative price or an absolute price
Sum of the monopolistic exploitation across all workers tends to rise however a firm as well functions at a more socially and economically proficient level of output and employment whenever the firm is capable to engage in: (1) Blacklisting in its dea
The contracts needing employment after some worker’s jobs have been made obsolete through automation are illustrations of: (i) Blacklisting. (ii) Labor-reducing protectionism. (iii) Check-off provisions. (iv) Yellow dog contracts. (v) Feather-bedding.
When a firm hires workers to a point where VMP > MRP = MFC = W then: (1) There is a bilateral monopoly condition. (2) Wage discrimination is being exercised. (3) There is monopolistic exploitation of the workers. (4) The firm consists of monopsony power.
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