demand of various vegetable
why demand change of onion in during one week due to change in it's price
For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.
When the equality standard of income distribution were adopted: (w) people would be paid the values of their marginal products. (x) family incomes would be identical for families of all sizes. (y) poets and engineers would have the same incomes. (z) g
By description, a family of four receives welfare when it: (1) pays a smaller share of taxes than its share of benefits from government. (2) lives below the poverty line. (3) includes a student attending college on an academic scholar
During the long run, the labor supply curve facing a main industry: (w) will always be positively associated to the wage rate. (x) will slope upward only when individual labor supply curves slope upward. (y) can be backward bending at very high wage r
Monopolistic competitors: (1) base decisions on the anticipated reactions of their many individual competitors. (2) can easily enter but not exit industries. (3) may sometimes act like monopolists and gain economic profits in the short run because of
The total revenue of a firm which faces a negatively-sloped demand curve: (w) is at a maximum where marginal revenue is zero. (x) declines while average revenue falls as output grows. (y) rises at an increasing rate over the output range plagued throu
Of the given, the firm probably to consider possible reactions through rival firms while making price and output decisions would be as: (w) a family-owned and operated dairy farm in Wisconsin. (x) your local electric utility. (y) the biggest independe
The interest rates business investors into economic capital should pay on a loan: (w) reflect the opportunity costs to society of funding one investment in place of another. (x) are relatively trivial investment costs by investors&rsq
Economic losses in an industry generate competitive pressures which cause: (1) industry output to fall. (2) market price to decrease. (3) each firm’s short-run output to increase. (4) rising costs for industry inputs. (5) firms to expand product
American buyers would bear a tax burden of ____ when there was a U.S. import tariff equivalent to distance ac, while Japanese sellers would bear a tax burden equivalent to ____. (w) ab and bc. (x) bc and ab. (y) ac and zero. (z) zero and ac. Discover Q & A Leading Solution Library Avail More Than 1450574 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1945013 Asked 3,689 Active Tutors 1450574 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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