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In the quintile distribution of income, the term "quintile" represents
Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.
Moving from point b to point c beside demand curve D, in that case the price elasticity of demand for video games upon DVDs equivalent: (1) 0.8. (2) one. (3) 1.10. (4) 1.25. (5) 2.50 Q : Find average income by relatively When market demands for agricultural products are relatively price inelastic and relatively income inelastic both, in that case as per capita income raises, the average income of farmers will: (w) increase while supplies of agricultur
When market demands for agricultural products are relatively price inelastic and relatively income inelastic both, in that case as per capita income raises, the average income of farmers will: (w) increase while supplies of agricultur
When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos
Into a stable competitive economy without innovation, transaction, or uncertainty costs, all accounting profits would be: (w) pure economic profits. (x) payments required to secure owner-provided resources. (y) pure e
When will a rise in demand entail an increase in the quantity demanded however no change in the price?
What will be the consequence of a rise or fall in the bank rate on money supply? Answer: It will reduce or raise the money supply.
Can someone help me in determining the right answer from the given options. Through the onset of World War-II, the United States: (i) Expanded the military output just by increases taxes rigorously. (ii) Moved in the direction of its production possibilities frontier.
When a monopolist’s marginal costs of production are positive and the demand curve, this faces is a negatively sloped straight line, as of the subsequent possibilities the absolute value of the price elasticity of demand at a pr
Define Real Rate of Interest in Economics?
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