What did professor Hidbon illustrates about Demand
What did professor Hidbon illustrates about Demand?
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In the opinion of Prof. Hidbon, “Demand means the different quantities of goods which would be purchased per time period at various prices in a specified market. Therefore demand for a commodity is its quantity that consumer is capable and willing to buy at different prices during a specified period of time. Only, demand is the behavior of potential buyers into a market.
Illustrates the term monetary policy?
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Explain about the term survey techniques.
The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor. Q : Substantial general training to certain When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most pr
When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most pr
A backward bending supply curve for labor arises while: (w) firms wish to hire only a specific quantity of labor. (x) there is a change in the elasticity of resource supply. (y) workers prefer leisure over added income above several wage. (z) minimum
The rental value of a high quality piece of agricultural land timely era is: (w) negatively associated to the price of agricultural output this could produce. (x) unrelated to the costs of its cultivation. (y) equal to the saving of production costs a
Illustrates the characteristics of Oligopoly?
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