--%>
Assignment Help - homework help

Biography-Thorstein Veblen

The thought that the desire of people to purchase goods is culturally recognized as opposed to the price determined is the vision of: (i) Irving Fisher. (ii) Karl Marx. (iii) Thorstein Veblen. (iv) Ludwig von Mises. (v) Antoine Augustin.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Discrimination and Income Differentials

    By 2000, the differential among the rich and the poor which can be attributed to economic discrimination was computed at: (w) approximately 60 percent. (x) approximately 30 percent. (y) under 10 percent. (z) zero.

  • Q : Inefficiency of market equilibrium When

    When firms have market power although do not price discriminate perfectly, in that case the market equilibrium will be inefficient since: (w) P = AC = MC. (x) total revenue equals total costs [TR = TC]. (y) MSB = P > MC = MSC. (z)

    		•
  • Q : Total economic of profit or loss on

    When the wholesale price P = $7 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushels of peaches at a total economic of profit or loss totaling $___. (i) zero; loss; -$4,000. (ii) 2000;

    		•
  • Q : Fixed costs of a purely competitive firm

    The fixed costs of a purely competitive firm are: (w) incurred within the short run even if no output is produced. (x) wage payments and raw materials costs. (y) the bulk of short run opportunity costs. (z) not found by earlier decisions.

  • Q : Utilitarianism-Peoples happiness The

    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

    		•
  • Q : Elasticity and demand of monopolist

    When a monopolist produces output where demand is unitarily elastic, in that case marginal revenue equals: (1) price. (2) infinity. (3) negative infinity. (4) one. (5) zero. I need a good answer on the topic of

  • Q : Product differentiation through

    Firms are not only trying to differentiate their products within the minds of consumers while: (1) main networks launch comparable programs to mimic successful “reality TV” shows. (2) beer advertisers feature wild parties in TV advertisements. (3) a deterg

    		•
  • Q : Calculate of total variable in an area

    Total variable costs can be estimate as: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Cannot be measured within demonstrated figure.

    Q : Product differentiation in conduct

    Several market structures may pivot around goods which are heterogeneous, however the only market structure that absolutely needs goods to be differentiated within the minds of consumers of: (1) perfect competition. (2) pure competition. (3) monopolistic competition.

    		•
  • Q : Problem regarding law of Diminishing

    Can someone help me in finding out the right answer from the given options. According to the law of diminishing marginal utility, the longer that Chris and Lee kiss: (i) The less invested each will be in enduring this relationship. (ii) The closer they are to arriving

    		•