In the quintile distribution of income, the term "quintile" represents
Elucidate why are firms mutually interdependent in oligopoly market.
For a specified distribution of income within a purely competitive economy, marginal social benefit will the same marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits
Which of the given two statements involves positive economic analysis and which normative? How do the two type of analysis differ?a. Gasoline rationing (allocating to each year to each individual an annual maximum amount of gasoline whi
I have a problem in economics on Effect of change in market price. Please help me in the following question. The change in quantity demanded is: (1) Non-quantitative in nature. (2) Caused by the change in market price. (3) Shown by the shift of demand curve. (4) Irrel
what do you mean by a social welfare function? if you assume that such a function exists, what properties of social optima would be considered by you? discuss such properties.
Select the right answer of the question. A supply curve that is a vertical straight line indicates that: A) production costs for this product cannot be calculated. B) the relationship between price and quantity supplied is inverse. C) a change in price will have no ef
Size Anomaly: The size effect terms to the negative relation among security returns and the market value of the common equity of a firm. The coefficient on size has extra explanatory power than the coefficient on beta in explaining the cross section o
Oligopolies are least expected to emerge due to: (1) economies of scale. (2) price discrimination. (3) strategic barriers to entry. (4) mergers. (5) legal barriers to entry. Can anybody suggest me the proper explan
Minimum value of investment multiplier: Investment multiplier K=1/1-mpcWhen mpc = 0 then K=1/1-0 = 1 that is the minimum value of investment multiplier
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
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