Thought of economists for law of equal marginal advantage
Explain different thought of economists for law of equivalent marginal advantage.
Expert
• Most economists suppose that people make decisions as per the relative costs and gains of extending or reducing particular activities by tiny amounts.• The law of equivalent marginal advantage means that every morsel of food a person eats will be evenly satisfying.• As per the law of equal marginal advantage, every worker is evenly productive and each dollar spent upon a good is evenly satisfying.
Babble-On maintains world-wide patents for software which translates any of 314 spoken languages into text, along with automatic audio and text translations into some of the other three-hundred-thirteen languages. Facing Babble-On the demand curve has unitary
The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor
Assume that the market for a good is initially in equilibrium, and then the govt. places a subsidy on good. The probable result would be: (i) Raised production and purchases of good. (ii) That buyers would pay big prices for the good. (iii) Extended scarcity of the go
Elucidate what the following statement by handel means and give an argument to either support or oppose the contention. Things might be exist independently of our accounts, however they have no human existence until the
Long-run equilibrium occurs while: (w) MR = MC > P (x) P = MC = MR = ATC (y) ATC > P = MC(z) P = MR = MC = AFC I need a good answer on the topic of Economics problems. Please give me yo
Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC Can anybody suggest me the proper explanation for given problem rega
After the minimal materials essential for survival are attained, poverty becomes: (w) an absolute concept. (x) more prevalent in North America than elsewhere. (y) measured by the income level required to meet minimal psychological needs. (z) a relativ
Choosing a statistical Model: A number of problems arise in determining whether the work is truly rigorous or not. It is important to determine whether the model chosen makes theoretical and intuitive sense. <
The concept that people must have income in proportion to their productivity is termed as the: (1) equality standard of distribution. (2) productivity standard of distribution. (3) needs standard of distribution. (4) utility standard
Society-extensive economic efficiency is most probable to be improved by: (1) competitive advertising. (2) cooperation between firms in a cartel. (3) increases in asymmetric information. (4) informative advertising. (5) wage and price controls. <
18,76,764
1940254 Asked
3,689
Active Tutors
1453377
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!