utility function
notes on separable utility function in microeconomics
When consumer demand for this industry’s product is relatively inelastic, in that case the curve reflecting normal substitution although the least price elasticity of market demand would be of: (i) curve A. (ii) curve B. (iii) curve C. (iv) curv
Can GDP be more than GNP? Answer: Yes, GDP can be greater or more than GNP if NFIA is negative.
An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good
At point a, in below figure the supply curve into this graph: (w) perfectly elastic. (x) relatively elastic. (y) unitarily elastic. (z) relatively inelastic. Q : Employed Currency in 1700s In 1700s In 1700s what currency was employed?
In 1700s what currency was employed?
When Cling Peach Orchards has a cost structure characteristic of peach orchards into this purely competitive industry, when the long run new competitors would most likely enter the market providing the wholesale price per bushel of peaches exceeded: (
Can someone please help me in finding out the accurate answer from the following question. In short run: (1) The quantities of all firm’s resources are variable. (2) Managers are less proficient than they are in long run. (3) At least one of the resources is fix
Firms which operate numerous plants that produce similar good are: (i) Vertically integrated. (ii) Generating leakages in circular flow. (iii) Proprietorships. (iv) Horizontally integrated. Can someone please help me in finding out
Can someone please help me in finding out the accurate answer from the following question? The purely competitive labor markets are not characterized through: (w) Most of the individual buyers and sellers of the labor services. (x) Wages equivalent to the marginal res
Select the right ans wer of the question. The personal distribution of income refers to the: A) division of income between personal taxes, consumption expenditures, and saving. B) division of income on the basis of industry sources, for example, agriculture, transport
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