Value of commodities and services

The value of services and commodities is frequently decomposed into value in: (1) Dollars and value in Euros. (2) Absolute value and prices in relative prices. (3) House-holds and value in organizations. (4) Utilization and value in exchange.

Choose the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Problem on shortages or surpluses I

I have a problem in economics on Problem on shortages or surpluses. Please help me in the following question. No shortages or surpluses exist if: (1) Central planners set prices which equivalent production costs. (2) The market is in equilibrium. (3)

Q : Burden of tax reduce solely on

The burden of an excise (i.e., per unit) tax would reduce solely upon suppliers of the taxed good within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Product markets and labor markets

Relative to firms which are price takers in both the product markets and labor markets, firms through market power in both the product markets and labor markets tend to. (1) Hire fewer workers and pay them less. (2) Rely more heavily on the screening and signaling thr

Q : Jeremy Bentham utilitarianism Possible

Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham&r

Q : Increase of utility when marginal

Generally, as more of a good is consumed, the point is ultimately reached where the total: (1) And marginal utility of the good increase. (2) And marginal utility of good drop. (3) Utility carries on rising however marginal utility drops. (4) Utility drops and its mar

Q : Negative marginal revenue Monopolies

Monopolies will not function in the inelastic portion of the demand curves they face since: (w) marginal revenue is negative. (x) total revenues are negative. (y) total revenue falls as less is produced. (z) marginal revenue is always greater than mar

Q : Rises price elasticity of demand for a

The price elasticity of demand for a good will tend to rise as the: (i) number of obtainable substitutes increases. (ii) consumer income level increases. (iii) good is a less significant budget item. (iv) time permitted for response decreases. (v) ela

Q : Problem on Exploitation Exploitation

Exploitation takes place when firms pay resource owners less than their: (i) Maximum resource cost. (ii) Values of marginal product. (iii) Rates of the economic profit. (iv) Marginal revenue products. Find out the

Q : Rain affects play The ABC industry in

The ABC industry in UK had poor sales in the summer of 2007. This practice explores why, employing economic analysis. It considers how the forces in the direction of an equilibrium price might affect a firm.

Q : Problem regarding to demography of

Onto average, African-Americans into the U.S., when compared to whites: (1) earn lower incomes. (2) have less education. (3) experience higher rates of unemployment. (4) are less likely to be capable to retire on Social Security. (5) All of the above.

Discover Q & A

Leading Solution Library

Avail More Than 1458879 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1955860
Asked

3,689

Active Tutors

1458879

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment