What is Supply schedule
What is Supply schedule and how it is related to supply curve?
Expert
Supply schedule: The supply schedule is a table exhibiting the relationship among the price of a good and the quantity a producer is willing and capable to supply. The supply curve is the upward-sloping line associating price and quantity supplied. The supply schedule and the supply curve are associated since the supply curve is just a graph exhibiting the points in the supply schedule.
The supply curve slopes upward since if the price is high, supplier’s profits rise, therefore they supply maximum output to the market. The outcome is the law of supply—other things equivalent, whenever the price of good increases, the quantity supplied of the good too rises.
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
Give a short history of how banking evolved into the sophisticated operation. Start first with the Goldsmith and sum up with the Banking system which we experience nowadays.
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
What points out zero primary deficits? Answer: Zero primary deficits signify that the government has to resort to borrowings simply to make interest payments.
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Meaning of Fiscal policy:Fiscal policy is the set of decisions and principles of a government regarding the extent of public expenses and mode of financing them. It is about the attempt of g
The fact that most of the necessities for life like water are priced much lower than the frivolities like diamonds is addressed by the: (1) Utilitarian enigma. (2) Law of diminishing marginal utility. (3) Rational ignorance of hypothesis. (4) Paradox of the value. (5)
A family’s newly constructed home can produce the service of shelter across several years, therefore from a macroeconomic perspective, this is most reasonably classified as: (i) economic capital. (ii) social infrastructure. (iii) market capitalization. (iv) a fi
Can someone explain/help me with best solution about problem of microeconomics in economic... Main concerns of microeconomics would consist of: (w) rates of inflation. (x) consumer options. (y) rates of unemploymen
18,76,764
1939623 Asked
3,689
Active Tutors
1459866
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!