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please help me in question no 9, 4, 2
When a household consumes just x and y, a higher price of y and the stable price of x will make: (i) All goods cheaper relative to the x. (ii) x cheaper relative to the y. (iii) Real family income grow. (iv) Substitution against x the more desirable. Q : Problem on siyazama production The table below contains information about the production possibilities frontier ( PPF or PPC) of siyazama agricultural cooperative.
The table below contains information about the production possibilities frontier ( PPF or PPC) of siyazama agricultural cooperative.
The proposition which taxing the rich to provide to the poor improves social welfare can’t be proved due to the impossibility of: (1) developing a political consensus about efficient redistribution programs. (2) the marginal utility of income di
Nostalgia Corporation would exactly break-even on its Silver Screen DVDs when, in place of correctly identifying its profit maximizing strategy, this: (w) operated at point i, charging only $10 per DVD and producing 8 million DVD. (x)
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
Economically, the labor unions can be thought of as the: (i) encouraging competition between the workers for jobs. (ii) Rising the flexibility of nominal wages. (iii) Attempts to cartelize and unite the individual sellers of labor. (iv) Having a goal of the minimum un
The Department of the Census defines middle relative income as experienced while a family: (w) has adequate income to buy the fundamental food clothing and shelter required for survival. (x) would like to enhance their personal welfar
Standard categories of economic discrimination which tend to make income less equally distributed do not comprise: (1) wage discrimination (2) employment discrimination (3) occupational discrimination (4) human capital discrimination (5) income discri
A firm which practices predatory pricing as: (w) tends to incur short-run losses greater than its rival. (x) lowers its price to drive out its rival and then keeps the price low to discourage extra entry. (y) will sell similar amount of output as when
When the resource supply curves of facing a competitive industry are positively sloped, in that case the exit of firms which have incurred losses will result within: (w) higher prices and lower output by each firm, and higher average production costs.
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