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.
Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will charge a price of: (1) $10 per dozen roses. (2) $12 pe
Abnormal profit: It is the gain earned over and above the normal profit.
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
When this monopoly generates Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Q : Define saving function Saving function Saving function: The relationship among saving and income is termed as saving function.
Saving function: The relationship among saving and income is termed as saving function.
Marginal cost: It is the change in sum cost by generating one more or less unit of output.
Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.
The market is cleared when there are: (i) Buyers left waiting in line. (ii) Surplus supplies of unsold goods. (iii) No surpluses or shortages. (iv) Tendencies for the prices to increase. Can someone please help me in finding out th
As interviewing for the job as a bill collector for loan shark, Bob states his degree in the martial arts from Hard Knox Reformatory, his summer internship by BreakUrLegs, Inc., and his family connections. Bob’s casual discussion of such credentials is an illust
The People who work in financial markets are least probable to make value by being productive via alteration of the: (i) Time when the materials are accessible. (ii) Place of materials. (iii) Form of materials. (iv) Possession or ownership of the materials.
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