Transitivity
Please provide me answer of this question. What will be the implications for consumer's preferences and her indifference curves if the axiom of transitivity does not hold?
Welfare is explained as being received while: (w) the ratios of personal benefits received by government programs associate to taxes paid are greater than for the average citizen. (x) economic rents are earned by owners of inputs. (y) a productive inp
When yearly per capita income increases from $13,500 to $26,500 and custom car sales increase from 100,000 to 200,000, by using the arc elasticity formula, then the income elasticity of demand is: (i) 0.50. (ii) 0.75. (iii) 1.00. (iv)
All transaction costs would be zero when: (1) Congress required current prices to be cut by eighteen percent. (2) market information and transportation were both costless. (3) market prices were legally restricted to production costs. (4) inflation we
Financial assets will create lower rates of return to prospective investors while: (w) they become more liquid. (x) their prices go up. (y) interest rates increase. (z) default risks decrease. Hey
The resource least probable to conform to the supply curve demonstrated in this figure would be: (w) land. (x) capital. (y) labor. (z) entrepreneurship. Q : Market Demand versus Individual Demand What is the difference between Market Demand and Individual Demand?
What is the difference between Market Demand and Individual Demand?
Exit by a competitive industry will arise till economic: (1) profits are driven to zero. (2) profits counterbalance accounting losses. (3) incomes are equalized for comparable workers. (4) costs are sufficiently below accounting losses. (5) losses are driven down to z
When households become ever more willing to sacrifice future consumption therefore that they can enjoy greater levels of recent consumption, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income rises. (z) equilibrium r
surpluses drives price down, shortages drives them up
As MRP < VMP in imperfect competition whenever firms encompass market power as sellers then: (i) MPPL = VMP. (ii) The price of output surpasses MFC. (iii) Monopolistic exploitation becomes essential to get profit. (iv) Imperfect competition can’t reach the eq
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