absolute and relative price
is the price in the law of demand an absolute price or a relative price
I have a problem in economics on Problem regarding Privatization. Please help me in the following question. The procedure of transforming government-run production facilities into ‘for-profit’ businesses is: (i) Privatization. (ii) Cartelization. (iii) Cap
Illegal price collusion is probably when the market structure for an industry is: (1) monopolistic competition. (2) a monopoly. (3) an oligopoly. (4) pure competition. (5) contestable through exit and entry. Q : What is marginal revenue Marginal Marginal revenue: This refers to the addition prepared to the total revenue.
Marginal revenue: This refers to the addition prepared to the total revenue.
The interest rate ____ as well as the present value of future income ____ when the preference for current income over the future income weakens. (w) falls; rises. (x) rises; falls. (y) falls; falls. (z) rises; rises. Q : Structure-conduct-performance From From roughly 1890 till 1970 year, the “structure-conduct-performance paradigm” controlled theories regarding how firms behave in various types of markets. The term “structure” in this expression refers to such
From roughly 1890 till 1970 year, the “structure-conduct-performance paradigm” controlled theories regarding how firms behave in various types of markets. The term “structure” in this expression refers to such
When the annual interest rate is 11 percent and a small office building can be expected to lease perpetually for price of $33,000 annually, the building and also the land it sits onto have a present value of approximately: (1) $363,00
When Serena Williams, Cindy Crawford, Hillary Clinton, Katy Couric, Jennifer Lopez, and Ashanti all start wearing Wal-Mart jeans at public appearances, economists would explain any resultant raise in Wal-Mart’s jean sales to the change in: (1) Expectations regar
The social goal of providing the biggest happiness to the most people is intent to practice the: (i) Precautionary discretion. (ii) Classical theory. (iii) Utilitarianism. (iv) Speculative balances. (v) Arbitrage. Can someone pleas
The demand curve depicts a negative relationship among price and quantity demanded since the quantity demanded rises if there is a decline in the: (1) Size of the family. (2) Incomes of the consumer. (3) Relative price of good. (4) Price of the substitute good. <
The excess of papayas would appear when: (1) seller’s supply prices increase to P1. (2) Govt. set a price ceiling of P1. (3) Growers predicted prices to soar. (4) Hurricane destroyed all Central American papaya plantations. (5) Government obliged a price floor o
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