What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Illustrate, why is tax not a capital receipt?
What is the basic difference between Market Supply and Individual Supply?
In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?
Macroeconomics is mainly concerned along with all things as the: (i) decisions individuals and firms make while prices change. (ii) resource usage and technology bases of firms. (iii) levels of national employment and income. (iv) movements within the
The market price you pay for each and every particular goods you purchase regularly is probably most closely associated with the last unit of each and every good’s: (1) Marginal utility. (2) Total utility. (3) Producer surplus. (4) Consumer surplus. (5) Economic
As longer time periods are taken and a bigger range of adjustments (or substitutions) become obtainable, then demand curves tend to become: (1) flatter, as supply curves become steeper. (2) Steeper as supply curves become flatter. (3) Flatter, and therefore do supply
Explain the concept of “economies of scale” and “increasing returns”.
When heroin were legalized, in that case the: (w) market price of heroin would drop considerably. (x) demand would raise although supply would decrease. (y) demand would decrease but supply would increase. (z) price of cocaine would raise. Q : What are the strength and weakness What What are the strength and weakness of using per capital national income? give explained answer for query
What are the strength and weakness of using per capital national income? give explained answer for query
Hey friends i need your support for justify the problem that is given below: If the United Auto Workers Union acquires benefit package and a large wage from GM, Ford, and Chrysler which increases the cost of U.S. cars, it is a
18,76,764
1936039 Asked
3,689
Active Tutors
1446733
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!