Various kinds of capital goods
Supply curves for different kinds of capital goods are usually: (w) perfectly elastic. (x) perfectly inelastic. (y) upward sloping. (z) downward sloping. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Supply curves for different kinds of capital goods are usually: (w) perfectly elastic. (x) perfectly inelastic. (y) upward sloping. (z) downward sloping.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Linear consumption function: It is a consumption function that is given on the basis of steady marginal propensity to consume. C = c + bY Here c = aut
The resource probably to conform to the supply curve demonstrated in this figure would be: (1) housing. (2) capital. (3) labor. (4) land. (5) entrepreneurship. Q : Internet connection system in Short Run The resource most probable to be viewed as the fixed in short run by a firm which operates a cable TV and Internet connection system would be: (1) Unskilled workers who bury the cable. (2) The personal computer (3) Satellite dishes that it has leased to the customers.
The resource most probable to be viewed as the fixed in short run by a firm which operates a cable TV and Internet connection system would be: (1) Unskilled workers who bury the cable. (2) The personal computer (3) Satellite dishes that it has leased to the customers.
A firm within a purely competitive industry: (w) will produce only as long as its marginal revenue is greater than its marginal cost. (x) decides what level of output to produce based upon an analysis of total revenues and total costs. (y) produces th
Which of the given would NOT be taken as predatory behaviour: (w) Rapid technological innovation. (x) Reducing prices due to a commodity surplus. (y) Duplicative products intended to absorb shelf space. (z) Introduction of close substitutes for rivals
When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p
Pure competition yields economic efficiency through: (w) punishing profit maximizing behavior. (x) forcing firms to adopt the least costly technologies available. (y) generating high profits as incentives. (z) rewarding entrepreneurs
The prices and costs of investment goods do not be likely to: (1) rise during periods of prosperity. (2) rise as demand for these goods increases. (3) fall throughout economic slumps. (4) fall as demand for these goods decreases. (5) fall as a result
For a competitive industry the short-run supply curve is derived through summing the short-run supply curves of all firms within the industry: (w) vertically. (x) horizontally. (y) diagonally. (z) and computing their arithmetic average.
When the demand curve facing a firm is a horizontal line, then there demand is perfectly: (w) elastic at each quantity. (x) inelastic where quantity demanded is zero. (y) insensitive to the price of good. (z) unresponsive to changes within the prices
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