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.
Whatt happens in the foreign exchange market when there is a U.S. export transaction
Monopolistic competition is NOT described by: (1) P = MSC. (2) large numbers of sellers. (3) P = LRATC. (4) MR = MC. (5) differentiated products. Hey friends please give your opinion for the problem of Econ
The economics professor is paid $90,000 yearly, however knows she could earn $140,000 when she began a consulting firm. The opportunity cost of her university place is: (a) zero. (b) – $90,000. (c) $140,000. (d) $90,000. Choo
Each and every profit maximizing organizations employ labor up to the point where: (1) VMP = w. (2) MRP = MFC. (3) VMP = MRP. (4) VMP = MFC. (5) MR MC is maximized. Can someone please help me in finding out the accurate answer from
Please, describe me what lexicographic is and its application also.
Economists generally suppose that the firms behave rationally to make the most of: (1) Employment. (2) The community’s economic welfare. (3) Workers’ satisfaction. (4) Gains. Can someone please help me in finding out th
Elucidate what the following statement by handel means and give an argument to either support or oppose the contention. Things might be exist independently of our accounts, however they have no human existence until the
is the price in the "law of demand" a relative price or an absolute price
How tourism effects in an upcoming industry?
David Ricardo: (w) was the originator of the theory of pure economic rent onto land. (x) believed that land rent was earned since land would not be available at a zero price. (y) observed that marginal land which is just barely helpful commands positi
18,76,764
1957236 Asked
3,689
Active Tutors
1457973
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!