demand curve
The law of demand is graphically demonstrated by:
The Production possibilities frontiers describe the concepts of: (1) A trade-off between inflation and unemployment. (2) Positive economics versus the normative economics. (3) Scarcity, opportunity costs, and reducing returns. (4) Absolute advantages
Can there be certain fixed cost in long run? If not why? Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed inpu
Define aggregate demand: Aggregate demand is stated as the money value of total goods and services demanded by an economy throughout a particular period.
Describe the relationship among Average Variable Cost (AVC) Average, Total Cost (ATC) and marginal Cost (MC)? Answer: A) If MC
A synonym for the instant period (or instant run) of production is the: (w) short run. (x) long run. (y) technological long run. (z) market period. Hello guys I want your advice. Please recommend some views for above Econom
A minimum wage law does NOT make pressures which tend to: (1) benefit high wage workers. (2) cause unemployment among unskilled workers. (3) uniformly help poor workers. (4) increase teenage unemployment. (5) foster discrimination. Q : Problem onto Saving and Spending Money The owners of a construction company would not be saving when they collected a big check after finishing a project and after that bought: (w) a long term certificate of deposit at their local bank. (x) stock in a newly-formed corporation. (y) a corporate jet for use o
The owners of a construction company would not be saving when they collected a big check after finishing a project and after that bought: (w) a long term certificate of deposit at their local bank. (x) stock in a newly-formed corporation. (y) a corporate jet for use o
Effective price discrimination does NOT need a firm to: (w) segment the market into groups along with various demand elasticities. (x) be a monopoly. (y) prevent trading among customers who are charged different prices. (z) possess some market p
What does “buying on margin” means?
When a monopolist which does not price discriminate maximizes profit and charges a price equal to marginal cost, this will: (i) minimize average cost and generate zero economic profit. (ii) minimize average cost and generate a positiv
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