demand curve
The law of demand is graphically demonstrated by:
The greatest percentage rate of return would be generated through a financial investment which yielded: (w) annual income = $1,000; current price = $10,000. (x) monthly income = $100; current price = $24,000. (y) annual income = $1,200; current price = $10,800. (z) an
On an average, American families with more income tend to contain fewer children than families with less income. This fact recommends that, at least from a purely statistical perspective, the American children are: (1) Inferior goods. (2) Substitute goods for the cats
By refering the following data give the answer of this question . The total variable cost of producing 5 units is: A) $61. B) $48. C) $37. D) $24.
Effective price discrimination to maximize profit does NOT needs the firm to be capable to: (w) separate the market within different groups along with different demand elasticities. (x) erect entry barriers to defend a monopoly position. (y) prevent t
A reduction in the price of vanilla ice-cream is likely to raise the demand for: (i) Chocolate syrup. (ii) Yogurt. (iii) Watermelon. (iv) Cookies (v) Textbooks. Can someone please help me in finding out the accurate answer from the
What occurs to the demand for a good whenever the price of Substitute goods downs?Answer: Whenever the price of substitute good downs, then the demand for the specified good too downs.
Darlene thinks as the “cowboy look” will rebound sharply subsequent spring. Then she travels to Mexico and buys ten-thousand pairs of primo cowboy boots at $35 every, and after that waits, expecting to sell them for $350 a pair in Chicago within the spring
Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.
The entire profit maximizing organization will hire more labor up to the point where: (i) Average physical product of labor equivalents the nominal wage. (ii) Last unit of labor adds uniformly to net revenue and net cost. (iii) Marginal product of the labor is at its
An increase in the price of goods, outcomes in an increase in expenses on it. This demand is elastic or inelastic? Answer: Inelastic since there is direct relation
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