In the quintile distribution of income, the term "quintile" represents
A higher interest rate shows a: (w) stronger preference for current income over future income. (x) weaker preference for current income over future income. (y) stronger preference for future income over current income. (z) wave of pessimism among inve
When no goods generate external costs or benefits within their consumption or production and when the income distribution is deemed acceptable, in that case economic efficiency is promoted through: (w) government inte
I have a problem in economics on Production costs-Consumer Sovereignty. Please help me in the following question. In the market economy, output patterns mainly reflect: (i) Individual votes by each and every consumer. (ii) The requirements of majority
The market supply schedule for a resource or good shows the: (i) Points in time if production is scheduled for completion. (ii) Amounts sellers wish could be given at prices exceeding the costs. (iii) Maximum quantities which will be offered for sale at particular pri
If marginal social cost (MSC) equivalents marginal social benefit (MSB) as: (i) no injurious pollutants are being pumped within the environment. (ii) consumers enjoy more surplus than do producers. (iii) producers surplus is minimized
In this kinked demand curve model as in demonstrated, when this firm operates at point a and increases its price from P2 to P3 and its rival firms respond by increasing their prices, in that case this firm will move from point a
The firm from the given list with relatively the most market power would probably be: (w) General Motors. (x) the world's biggest wheat farm. (y) a gas station in Wayout, Wyoming that has no competitors into 70 miles. (z) the BestBuy in Durham, North
Market interest rates are LEAST affected through: (w) people’s willingness to defer consumption when they are rewarded for doing so. (x) people’s desires for liquidity. (y) the marginal productivity of new capital relative to its price. (z
Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource
When fifty fast-food restaurants belonging to fourteen various chains are strung along an eight mile stretch of highway, it is an illustration of: (1) a primitive cartel. (2) pure competition. (3) monopolistic competition. (4) an oligopoly. Discover Q & A Leading Solution Library Avail More Than 1451557 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1958006 Asked 3,689 Active Tutors 1451557 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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