What is Complements
Complements: The two goods for which a rise in the price of one good leads to a reduction in the demand for other.
When do we state that there is an excess demand for a commodity in the market?
The strategies of monopolistic competitors invariably comprise: (1) industrial espionage. (2) predatory pricing. (3) product differentiation. (4) price-fixing. (5) cutthroat competition. I need a good answer on the
Can someone help me in finding out the right answer from the given options. The Minimum wage laws are most probable to increase the equilibrium employment when a firm has been exercising: (1) Monopoly power and price discrimination. (2) Employee choice in markets for
Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.
The entire profit maximizing organization will hire more labor up to the point where: (i) Average physical product of labor equivalents the nominal wage. (ii) Last unit of labor adds uniformly to net revenue and net cost. (iii) Marginal product of the labor is at its
When a purely competitive industry is within long-run equilibrium and consumer demand then raises, the short-run industry quantity supplied and equilibrium price would tend to: (w) fall. (x) rise. (y) remain similar. (z) swing up and
Short-run demand for the labor would be LEAST affected by the: (i) Productivity of resource. (ii) Prices of substitute resources. (iii) Demand for goods generated by the resource. (iv) Fixed costs of firm. Can someone please help m
Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve
Can someone help me in finding out the right answer from the given options. In the marginality, profit-maximizing model of firm, a firm which can’t wage discriminate maximizes profit if labor is hired at a point where: (1) Price = MFC. (2) MRP = VMP. (3) MRP = M
Minimum wage legislation is LEAST probable to stimulate: (w) higher teenage unemployment. (x) raised racial discrimination. (y) surpluses of unskilled workers. (z) decreased wage incomes for unskilled workers who keep their jobs. Discover Q & A Leading Solution Library Avail More Than 1445060 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1957597 Asked 3,689 Active Tutors 1445060 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1957597 Asked
3,689
Active Tutors
1445060
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!