bargaining model
settlement range between management and the trade union
The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve
All profit maximizing firms makes where marginal revenue: (w) equals marginal cost. (x) equals average variable cost. (y) includes average revenue. (z) is rising. Can anybody suggest me the proper
Within the long run, a monopoly cannot continually produce economic profit unless: (w) economies of scale are important. (x) corporate taxes are lowered. (y) barriers to entry are significant. (z) the monopolist maximizes profit.
Illustrate any three causes of decrease in demand? Answer: 1) Reduce in income of consumer. 2) Fall in the price of alternate good.3) Increase in the price of complementary goods.
is the price in the "law of demand" a relative price or an absolute price
What do you mean by a social welfare function? If you assume that such a function exists, what properties of social optima would be considered by you? Discuss such properties.
Assume that this market is initially within equilibrium along with a supply of funds consequent to S0 and a demand for loanable funds consequent to I1. When the U.S. Department of the Treasury be
Can someone please help me in finding out the accurate answer from the following question. Lauren, a solitaire addict, is eager to spend up to $2 for a new deck of cards. For Lauren, $2 is: (i) Market price for the deck of cards (ii) Demand price for deck of cards. (i
Can someone help me in finding out the right answer from the given options. The employer who amplifies the safety of a place or prospects for advancement to the job applicants makes inefficiencies (or arguable inequities) since of: (1) Signaling. (2) Credentialism. (3
If price ceiling or price floor were removed what is the impact on the economy?
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