Finance and Economics Activity
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When a firm hires an additional worker who adds $100 worth of output daily, and adds $50 daily to the firm’s costs, in that case the firm must: (w) hire more labor. (x) hire less labor. (y) not change its employment of labor. (z) sell off some o
What are the trade types of cycle distinguished by Schumpeter?
Firing a worker who regularly goods off and calls in sick may not resolve the moral hazard problem of shirking when: (w) there is a high probability which the worker will sue the firm. (x) the local unemployment rate is high. (y) average worker productivity is low. (z
Provide a brief introduction of the term Marginal Costing? And also write down the essential suppositions made by Marginal Costing?
Explain the meaning of total, average, marginal and incremental revenue.
Explain the Arc Method of Measurement of Elasticity.
What did professor Marshall illustrates about Law of Demand? Answer: According to Marshall “the amount demanded raises along with reduces in price and diminish
Labor’s physical productivity based most directly on technology and the: (w) tastes and preferences of consumers. (x) transactions demand for money. (y) prices and availability of the other resources. (z) level of per capita income.
States the determinants of elasticity?
Illustrates the opinion of Stonier and Hague for explaining Demand in economics?
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