Economically non–viable industry
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
What happened when demand and supply curve do not intersect with each other?
Answer: The outcome is: Economically non–viable industry.
When curve C reflects the long run supply curve for this industry as in illustrated figure, in that case the short-run supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.
A Rise in the quantity of frozen vegetarian lasagna demanded would be much probable to outcome from raises in the: (i) Cost of raw vegetables. (ii) Wages paid workers in lasagna developed plants. (iii) Number of people who perform strict vegetarianism. (iv) Costs of o
I have a problem in economics on Monopsonist in the labor market. Please help me in the following question. The monopsonist in labor market faces the: (1) Market demand for the labor. (2) Household’s demand for the labor. (3) Household’s s
Can someone help me in finding out the right answer from the given options. The capability to exploit the labor is minimal if a firm consists of: (1) Monopoly power. (2) Government contracts to accomplish. (3) Monopsony power. (4) Labor union contracts that terminate
State how is a single buyer a price taker in the perfect competition? Answer: A single buyer’s share in total market demand is too significant that the buyer
A) Use the table below to draw graphs that show the relationship between price elasticity of demand and total revenue. <
When firms possess market power, national output and employment are least likely to be reduced as a result of: (1) occupational discrimination. (2) human capital discrimination. (3) wage and price discrimination. (4) personal discrimi
The least probable of the given to be claimants to the firm’s income stream would be the firm’s: (1) Shareholders. (2) Managers. (3) Customers. (4) Suppliers. (5) Government. Can someone please help me in finding out th
Within this kinked demand curve model, when this firm operated at point a and increased its price from P2 to P3 but other firms did not increase their prices, in that cases equilibrium for this firm would move to be: (w) point b.
I have a problem in economics on Meaning of Caveat emptor. Please help me in the following question. Caveat emptor signifies: (i) Let the seller beware! (ii) Everything else held steady. (iii) Let things modify if they should. (iv) Charge whatever the market will allo
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