What is Average Total Cost
What is Average Total Cost. Also write down its formula?
Briefly describe the term economics?
Elucidate GNI per capita?
Jana chugs 5 big cups of Gatorade in five minutes after winning the marathon. Jana’s marginal utility is much likely to be: (1) Equivalent for each cup as she was very thirsty. (2) Maximized at 3 cups, when she is reaching the equilibrium. (3) Diminishing whenev
Producers equilibrium signifies the stage beneath which with the help of given factors of production producer attain the level of production of which he is acquiring maximum gain.
I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above. Q : Which of the following lists includes Which of the following lists includes only capital resources (and therefore no labor or land resources)?
Which of the following lists includes only capital resources (and therefore no labor or land resources)?
Of the given price elasticities [ed] for market demand curves, there the one which is absolutely implausible by the vantage of standard economic theory would be one for that, across all conceivable ranges of prices: (1) ed= 0 and the
When resource supply curves facing an industry are positively sloped, in that case the exit of firms which have incurred losses will result in: (w) higher prices and lower output for the industry, although lower average production costs for the surviv
The contracts needing employment after some worker’s jobs have been made obsolete through automation are illustrations of: (i) Blacklisting. (ii) Labor-reducing protectionism. (iii) Check-off provisions. (iv) Yellow dog contracts. (v) Feather-bedding.
for a purely-competitive decreasing-cost industry in a short run equilibrium in that typical firms temporarily produce economic profits, and the average total costs a typical firm incurs are positively associated to t
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