Sunk cost
Give the answer of following question. Which of the following sayings associate most closely to the idea of sunk costs? 1) Don't cry over spilt milk. 2) A bird in the hand is worth two in the bush. 3) He who hesitates is lost. 4) Show me the money.
I have a problem in economics on Problem on Industrial Unions. Please help me in the following question. The United Auto Workers (or UAW) is an illustration of a(n): (1) Mechanical union. (2) Company union. (3) Craft union. (4) Industrial union.
Price variation tendencies are indeterminate while we know simply that: (1) super star salaries make this hard for team owners to meet rising demands for sporting events. (2) more people main in music although demands for musicians are falling. (3) oi
Explain different thought of economists for law of equivalent marginal advantage.
Normal profit signifies zero economic profit. Explain why?
I have a problem in economics on Automation and Wage Rates. Please help me in the given question. When physical capital becomes cheaper: (i) Some of the workers might be displaced however worker productivity as a rule rises. (ii) Automation will
Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.
The removal of exploitation of labor (or wage payments beneath the value to the society of each and every individual worker’s productive contribution) is automatic when business decision makers: (1) Should set wages via collective bargaining agreements by labor
I have a problem in economics on Normal market supply curves. Please help me in the following question. The actuality that normal market supply curves slope upward is most obviously due to: (i) The lower costs incurred as production rises. (ii) Overti
When demand for a consumer good is relatively price inelastic, in that case the: (i) total spending of consumers will decline when the price rises. (ii) demand curve is linear and vertical. (iii) price of the good is determined through supply alone. (
Can someone help me in finding out the right answer from the given options. The Substitution away from the good is bigger when its price increases the: (1) More close substitutes there are for good. (2) More different utilizations to which the good has been place at t
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