What is marginal revenue
Marginal revenue: This refers to the addition prepared to the total revenue.
The social value of additional output from the additional units of labor is as: (1) Marginal revenue product [or MRP] of labor. (2) Wage rate or price of the labor. (3) Average revenue product [or ARP] of labor. (4) Value of marginal product [or VMP] of labor. (5) Mar
On Indian industry what are the effects of globalization?
Public Opinion Sampling: Increasingly trade policy debates and issues are being defined and driven by public polling and expert opinion. Mendellson and Wolfe (2004) offer an overview of the public policy debate in Canada and the roll of polling in def
The legality of trade unions as the labor monopolies and illegality of the monopolies in product markets is most rationally described by the: (i) Trade union’s interest in the social welfare and firm’s interest only in gains. (ii) Number of people who adva
Location rents are: (1) really just normal profits. (2) generated while customers bear lower transportation costs through buying from one firm over another. (3) economic interest on the capital improvements to land. (4) unrelated to population density
I have a problem in economics on Value of a product according place. Please help me in the following question. The ice has a higher price in Texas, Dallas than Anchorage and Alaska. The raised value of the ice is due to its changing: (i) Form. (ii) Po
Buyers' demand prices would be ____ and sellers' supply prices would be ____ when the U.S. restricted car imports to Q1. (w) P2 and P1. (x) P0 and P2. (y) P0 and P
I have a problem in economics on spending pattern in Substitution Effects. Please help me in the following question. Even when your real income were held steady by adjusting for price modifications, your spending pattern would react to modifications in relative prices
The amount of output supplied is exactly proportional to the price therefore the price elasticity of supply equivalents one into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Horizontal summation of individual The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis
The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis
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