Why the slope budget line downward
Describe why is the budget line slope downward?
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Since with given money income when a consumer purchases more of one good, he has to buy less of another goods.
When no goods generate external costs or benefits within their consumption or production and when the income distribution is deemed acceptable, in that case economic efficiency is promoted through: (w) government inte
Breaking a natural monopoly within a number of competing firms would probably: (w) increase output and lower price to consumers. (x) reduce output and raise price to consumers. (y) reduce efficiency but lower price. (z) have no effect on output or pri
Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S
Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water along with medicinal properties. To ignore variable costs, he insists which customers bring their own pails as well as fill them individually. Cour
The site value of the physical location of an enterprise tends to be very negatively associated to the: (w) transactions costs incurred by the firm’s customers and resource suppliers. (x) fertility of a parcel of land. (y) physical characteristi
Can someone please help me in finding out the accurate answer from the following question? The marginal resource cost for monopsonist in the labor market which can’t wage discriminate: (p) Is perfectly elastic. (q) Is perfectly inelastic. (r) Lies above the mark
The needs for pure competition are most intimately met by the market for: (i) domestic (American) steel. (ii) comic books. (iii) sugar-coated cereal within your local grocery store. (iv) stocks and bonds traded on Wall Street after they have been issu
Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)
The capability of unskilled workers to compete against skilled workers for jobs tends to be decreased by: (1) progressive income taxes. (2) laws which impose excessive legal minimum wages. (3) speculation and arbitrage. (d) inflationary balance of trade deficits. (5)
The nearest to being a synonym of the term “utility” is: (1) Universal.. (2) Consumption. (3) Satisfaction. (4) Multi-faceted. (5) Marginalism Can someone help me in getting through this problem.
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