long run supply
Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.
Billy recently invented and in that case patented a motorized flying skateboard which transports people to and from their destinations in less than half the time this would take to ride or drive a bus. Billy is protected from competition from a: (1) regulatory barrier
The incentive to work and earn income is likely to be least powerful if an individual who faces. (w) low income tax rates. making the cost of leisure high, and who possesses important amounts of valuable human capital. (x) high effect
When a firm possesses some market power, in that case the firm’s marginal revenue is negative inside the range of output where demand is: (i) price elastic. (ii) unitarily elastic. (iii) relatively price inelastic. (iv) perfectl
LoCalLoCarbo has turn into the favorite of fad dieters. There in demonstrated figure curve A shows: (i) LoCalLoCarbo’s marginal cost curve. (ii) LoCalLoCarbo’s average variable cost curve. (iii) LoCalLoCarbo’s average total cost curve. (iv) the marke
In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute: (A) Total increase in income(B) Total increase in consumption expenditure
Why, according to Keynes, is investment the key economic variable? Why does he think that the volatility of investment spending is likely to cause a problem of aggregate effective demand? Why does he think that this problem can only be solved by government interventio
When line 0C0' shows income distribution before taxes and transfers, in that case the line that shows income distribution after taxes and transfers would be: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'. Q : State normal good Normal good : It is a Normal good: It is a good for which, other things equivalent, a rise in income leads to a rise in demand.
Normal good: It is a good for which, other things equivalent, a rise in income leads to a rise in demand.
Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (w) MR MC is maximized. (x) VMP = MFC. (y) VMP = MRP. (z) MRP = MFC.
Negative income tax proposals call for: (w) paying $1 in taxes on every dollar of transfer payments. (x) reducing welfare benefits by levying higher income taxes. (y) instituting consistent work incentives for welfare recipients. (z) establishing a ne
18,76,764
1936065 Asked
3,689
Active Tutors
1454485
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!