managerial economics and good business
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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
A higher value for Gini index tends to be related with: (w) decreases in the equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) reduced overall curvature of the Lorenz c
Subsequent to Judith buys an American eagle shirt at the mall for 50 percent off, she purchases the matching purse, skirt and earrings. Such extra purchases are illustrations of: (i) Complementary goods. (ii) Substitute goods. (iii) Numbers and ages of the buyers. (iv
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
Assume that a firm possessesing both monopsony power as the employer and market power in its output market, however that can neither wage neither discriminate nor price discriminate. In equilibrium, in its labor market for workers, of the given variables the lowest va
Maximizing profit needs every firm to manufacture the output level where marginal is: (i) revenue is maximized. (ii) cost equals the lowest possible average total cost. (iii) revenue equals marginal cost. (iv) revenue exceeds ma
State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.
The market for good X consists of 2 consumers. consumer 1',s demand for good X is: X1 : 15 - 3Px + 0.5PY + .02I1I1 and I2 a
Fiscal deficit: When TE (RE + CE) > TR (RR + CR) of the government, excluding borrowing. It is termed as fiscal deficit.
The Employers would have the maximum monopsony power in dealing with: (i) White collar labor in the metropolitan area. (ii) Unionized workers. (iii) Professional athletes. (iv) Blue collar labor in metropolitan area. Discover Q & A Leading Solution Library Avail More Than 1429376 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1941512 Asked 3,689 Active Tutors 1429376 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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