Capital Goods

In the above diagram, the elimination of discrimination is best represented by

#### Related Questions in Microeconomics

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Jane consumes only apples and chocolate.  She is always willing to trade 1piece of chocolate for exactly 3 apples. Her income is \$200.  She can buy apples for \$1 each and chocolate for \$2 per piece.

a. To Jane, apples and chocolate are (circle 1):

• ##### Q :Effects of price in Complementary Goods

The demands for vast new sport utility vehicles [or SUVs] like Hummers and Ford Explorers would most likely reduce most sharply in response to a 50%: (i) Rise in the annual cost of driver’s license. (ii) Decreasing in rent on luxury apartments on the center of b

• ##### Q :Utility Analysis problem The marginal

The marginal utility curve can much loosely be translated into the demand curve by: (1) Measuring its declining part in dollars. (2) Transforming utils into the prices. (3) Horizontally summing up everyone’s MUs at each and every price. (4) Setting MUa/Pa = MUb/

• ##### Q :Featherbedding-Carpenter union problem

The carpenters union is capable to force agreement by the furniture manufacturer in Loblolly, North Carolina which the plant hire at least one carpenter per machine to ensure performance at such stations is proficient. This now outlawed strategy is termed as: (i) Feat

• ##### Q :Problem on Horizontal Integration I

I have a problem in economics on Horizontal Integration. Please help me in the following question. McDonalds makes hamburgers at a number of various locations. This is an illustration of a: (i) Horizontally integrated firm. (ii) Monopoly. (iii) Vertic

• ##### Q :Question based on balance sheets Help

Help me to solve this problem. Refer to the given balance sheets. If the reserve ratio is 25%, the maximum money-creating potential of the commercial banking system is: A) \$36. B) \$17. C) \$48. D) \$24.

##### Q :Experiencing the economies of Scale Let

Let assume that an auto manufacturer which can produce 10 cars at an average cost of \$8000 per car. When the manufacturer enlarges output to 100 cars, then the average cost of production falls to \$5000 per car. This firm is experiencing the: (1) Raised demand. (2) Eco

• ##### Q :Profit-maximizing monopolistic

When price discrimination is not possible this profit-maximizing monopolistic competitor charges a price of \$______ as well as produces ___________ units of output: (w) \$12 || 5 thousand. (x) \$15 || 8 thousand. (y) \$16 || 7 thousand.

• ##### Q :Price elasticity and market power The

The price elasticity of demand equals one when this firm produces where total revenue is: (i) \$72,000 per period. (ii) \$80,000 per period. (iii) \$96,000 per period. (iv) \$100,000 per period. (v) \$144,000 per period.

##### Q :Labor-Leisure Tradeoffs features When

When the real wage increases, an extra unit of: (1) Labor supplied will purchase fewer goods. (2) Leisure is more costly. (3) Output needs more labor time. (4) Capital becomes more highly employed.

Find out the right answer from th