Changes in total revenue by price falls
When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Absolute and complete inequality into the distribution of income or wealth would be reflected within the Lorenz curve demonstrated as: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'. (v) line 0F0'. Q : Fundamental welfare benefits by The incentive to work and earn income is possible to be greatest when the fundamental welfare benefit is ____ and the fundamental welfare benefit is reduced through ____ that the person earns: (w) high, the amount (x) low, the amount
The incentive to work and earn income is possible to be greatest when the fundamental welfare benefit is ____ and the fundamental welfare benefit is reduced through ____ that the person earns: (w) high, the amount (x) low, the amount
Within a monopolistically competitive industry along with no barriers to entry, long run equilibrium will be reached along with the firms into the industry: (1) maximizing total revenue. (2) producing their most efficient outputs. (3)
Whenever stockholders who made big financial investments in Enron prior to the mid-1990s suffered huge losses during the year 2001-2002 since of deceptive accounting practices and insider trading, they were the victims of problem termed as: (1) Adverse selection (2) M
Rises in the legal minimum wage rate have not been answerable for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment between skilled workers who have lost their jobs since of competition from the cheaper impo
Can someone help me in finding out the right answer from the given options. The monopsonist in labor market faces a: (1) Totally elastic demand for labor. (2) Completely elastic supply of the labor. (3) Completely inelastic supply of the labor. (4) Positively sloped l
When each 1 percent hike in the price of pencils causes a 2 percent decline within the quantity of erasers sold, the price crosses elasticity of demand for such complementary goods is about: (1) -2.0. (2) -1.0. (3) -4.0. (4) 2.0. (5) 1.0.
Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c
I have a problem in economics on monopsonistic exploitation. Please help me in the following question. The Labor union contracts, an analogous worth rule or the minimum wage laws might boost equilibrium employment when a firm has been practicing: (1)
In efforts to offset specific failures of the private sector, government policy within a mixed-capitalist economy would be least reasonably intended at an objective of: (1) creating externalities to spread the costs of various activities across all me
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