Who made decisions
Economists suppose that nearly all decisions are made by: (i) At the margin. (ii) On the average. (iii) Based on totals. (iv) All of the above. Please someone suggest me the right answer.
Economists suppose that nearly all decisions are made by: (i) At the margin. (ii) On the average. (iii) Based on totals. (iv) All of the above.
Please someone suggest me the right answer.
When the number of textbooks sold falls/drops 10 percent whenever college tuitions double, textbooks and college enrollments are _____ goods and their cross-elasticity coefficient is mainly _____. (i) Superior; 5.0. (ii) Inferior; 10.0. (i
I have a problem in economics on Quantity demanded vary inversely. Please help me in the following question. The law of demand defines that price and: (1) Quantity demanded differ directly. (2) Quantity demanded differs inversely. (3) Demand differs d
When the rate of return on investment equals the interest rate, in that case investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Hey friends please give your opin
The Production possibilities frontiers are most probable to shrink when: (1) National income becomes less fairly distributed. (2) High-tech agriculture reduces jobs for migrant farm workers. (3) A 3-hour nuclear war blasts technology back to Stone Age
When Christmas trees are a constant cost industry and such firm is typical, in that case the industry’s long-run supply curve is curve that is: (w) A. (x) B. (y) C. (z) E. Q : Personal discrimination Personal Personal discrimination: (1) may impede economic discrimination. (2) fosters wage, employment, occupational, and human capital discrimination. (3) causes housing prices to exceed levels affordable by the poor. (4) is the only cause of occupational dis
Personal discrimination: (1) may impede economic discrimination. (2) fosters wage, employment, occupational, and human capital discrimination. (3) causes housing prices to exceed levels affordable by the poor. (4) is the only cause of occupational dis
Within the long run a monopolistically competitive firm will not be characterized through: (w) zero economic profit. (x) price greater than marginal revenue. (y) production at lowest possible average total cost. (z) price greater than marginal cost.
When a purely competitive industry is into long-run equilibrium: (i) firms try to maximize profit. (ii) P = ATC. (c) P = MC. (iii) economic profit is zero. (iv) All of the above. Can someone explai
The objective of a cartel is to: (w) permit every member firm to maximize profit. (x) foster competition among sellers. (y) enhance efficiency and lower prices to consumers by eliminating several wasteful forms of competition. (z) maximize the joint p
The market is cleared when there are: (i) Buyers left waiting in line. (ii) Surplus supplies of unsold goods. (iii) No surpluses or shortages. (iv) Tendencies for the prices to increase. Can someone please help me in finding out th
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