What is Budget line
Budget line: This refers to all combinations of goods that a consumer can purchase with his whole income and price of two goods.
Elucidate how does change in price of input influence the supply of a good.
To discount income which will be received in one year from the interest rate, we: (w) multiply the future income by the interest rate. (x) divide the future income by the interest rate. (y) divide the future income by (1 + the interes
I have a problem in economics on Firms sanctioned by state laws. Please help me in the following question. The Firms sanctioned by state laws and considered lawful entities separate and dissimilar from their owners are: (1) Proprietorships. (2) Corpor
The Demand curves are negatively-sloped mainly as people: (1) Encounter advertising which molds the product images. (2) Have less purchasing power if prices fall for the things they sell. (3) Use goods which rise in price less, and expand the utilizat
The present value of an annual income stream which goes onto forever is: (w) infinite. (x) zero. (y) the annual income multiplied through the interest rate. (z) the annual income divided through the interest rate.
Interest Rate Price Risk: The risk which occurs for bond owners from fluctuating interest rates is termed as interest rate risk. How much interest rate risk a bond has based on how sensitive its price is to interest rate modifications.
Differentiate between perfect competition and monopoly competition?
Explain the concept of a concentration ratio. Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry
In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.
Within the kinked-demand-curve model, there the firm faces: (w) a less elastic demand curve for price increases as well as a more elastic demand curve for price cuts. (x) a more elastic demand curve for price increases and a less elastic demand curve
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