Why businesses are not really free to produce
Why businesses are not really “free” to produce what they wish?
Expert
Businesses are not really “free” to produce what they wish. Their production choices with consumer choices or face losses and eventual bankruptcy have to match. Profit-seeking firms must consider the allocation of the “dollar votes” when they make their production decisions. Resource demand is a “derived” demand, i.e. it depends on the demand for the products produced by the resource.
Question: Some commentators have argued that the failure of the "Super committee" is good thing for the economy? Do you agree? Answer: The Super committe
Which of the given is a quality of an oligopolistic market structure? w) There are only some dominant sellers. x) every firm sells a unique product. y) this is easy for new firms to enter the industry. z) Each firm require not react to the actions of
Write down the internal factors which influencing the capital structure?
Who are the major players in international trade today? Besides Japan, what other Asian nations play significant roles in international trade?
Describe the Functional distribution of income?
Illustrate Rational Behaviour of Economic Perspective?
Briefly explain the term Operating Leverage?
Elucidate “Ticket Scalping: A Bum Rap”?
Give a brief introduction of the term Risk Principle?
Problem 2 Consider Garfield's utility function given as U(x1, x2) = x1x2, wher
18,76,764
1953862 Asked
3,689
Active Tutors
1445247
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!