Technological advancement influencing supply
Describe how technological advancement influence the supply of specific product.
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Technological advancement brings a positive impact in the supply of a specific product. It reduces or decreases per unit cost and raise the productivity of given factors of production. Due to such reasons production of given product becomes more gainful.
The Bilateral monopoly models would be most suitably employed to analyze the negotiations among: (1) Le-Bron James, an all-star NBA basketball player and the Cleveland Cavaliers. (2) A newly hired clerk at Wal-Mart and the Wal-Mart Human Resources Dep
Supply is too elastic (contain a smaller coefficient) within the long run than in the: (w) short-run in competitive, constant-cost industries. (x) short-run in competitive, increasing-cost industries. (y) market period in virtually all industries. (z) All of the above
Can someone please help me in determining the right answer from the following question. The production possibilities frontier is a graphical device exhibiting the: (i) Alternative allocation methods accessible to society. (ii) Combinations of goods wh
When a monopolist's demand is price elastic, in that case marginal revenue is: (w) positive. (x) negative. (y) zero. (z) independent of price elasticity. I need a good answer on the topic of Economics
What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.
The firm's objective within price discrimination is to: (w) make the community better off economically. (x) make several consumers better off economically. (y) increase revenue and profit. (z) minimize average cost. Q : Average variable costs with marginal All profit maximizing firms which are not shut down since demand never exceeds average variable costs will make where marginal revenue as: (w) excludes average revenue. (x) equals average variable cost. (y) equals mar
All profit maximizing firms which are not shut down since demand never exceeds average variable costs will make where marginal revenue as: (w) excludes average revenue. (x) equals average variable cost. (y) equals mar
When the firm produced at output level q2, this produced where: (w) MR = MC. (x) MR > MC. (y) MR < MC. (z) P < MC. Q : Difference between Collusive and Difference between collusive and non-collusive oligopoly. Elucidate how oligopoly firms are interdependent in taking price and output decisions.
Difference between collusive and non-collusive oligopoly. Elucidate how oligopoly firms are interdependent in taking price and output decisions.
Assume nominal GDP in the year of 2002 was $100 billion and in the year of 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by: A) 160 percent. B) 44 percent. C) 37 percent. D) 1
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