Price taker in perfect competition
State how is a single buyer a price taker in the perfect competition? Answer: A single buyer’s share in total market demand is too significant that the buyer can’t affect the market price on his own by altering his demand.
State how is a single buyer a price taker in the perfect competition?
Answer: A single buyer’s share in total market demand is too significant that the buyer can’t affect the market price on his own by altering his demand.
The market demands for automobiles are not rapidly and directly influenced by modifications in: (i) Income. (ii) Gasoline prices. (iii) Salaries paid to auto-workers. (iv) The number of legal drivers. (v) Preferences and tastes. Q : Goal of the War on Poverty Enhancing Enhancing the conditions of the poor was a main goal of the War on Poverty which was launched under President: (1) Franklin Delano Roosevelt. (2) Lyndon Johnson. (3) Richard Nixon. (4) Jimmy Carter. (5) Ronald Reagan. Q : Traditional transfer in kind assistance Most traditional transfer in kind helps programs: (w) increased benefits for every dollar earned. (x) reduced benefits by $1 for every dollar earned. (y) reduced benefits by less than $1 for each dollar earned. (z) reduced benefits by more than $1 for
Enhancing the conditions of the poor was a main goal of the War on Poverty which was launched under President: (1) Franklin Delano Roosevelt. (2) Lyndon Johnson. (3) Richard Nixon. (4) Jimmy Carter. (5) Ronald Reagan. Q : Traditional transfer in kind assistance Most traditional transfer in kind helps programs: (w) increased benefits for every dollar earned. (x) reduced benefits by $1 for every dollar earned. (y) reduced benefits by less than $1 for each dollar earned. (z) reduced benefits by more than $1 for
Most traditional transfer in kind helps programs: (w) increased benefits for every dollar earned. (x) reduced benefits by $1 for every dollar earned. (y) reduced benefits by less than $1 for each dollar earned. (z) reduced benefits by more than $1 for
When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its annual total costs will be around: (i) $45 million. (ii) $65 million. (iii) $85 million. (iv) $105 million. (v) $125 million. <
Resources tend to flow toward industries in the long run along with: (w) lower profits for typical firms. (x) more profit for typical firms. (y) lower payments to most resource owners. (z) more stable rates of technological change. Q : Efficiency Wages problem The employees The employees at times pose principal-agent problems for the firm’s owners in the deficiency of constant monitoring. Such problems are most probable to be lessened when a firm adopts the policy of: (1) dynamically opposing the attempts to unionize. (2) Paying em
The employees at times pose principal-agent problems for the firm’s owners in the deficiency of constant monitoring. Such problems are most probable to be lessened when a firm adopts the policy of: (1) dynamically opposing the attempts to unionize. (2) Paying em
Can someone help me in finding out the right answer from the given options. Whenever the quantity of a good supplied surpasses the quantity demanded: (i) Unexpected growth of inventories will cause prices to drop. (ii) The present market price is beneath equilibrium.
The resource probably to conform to the supply curve demonstrated in this figure would be: (1) housing. (2) capital. (3) labor. (4) land. (5) entrepreneurship. Q : Example of price elasticity of demand When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price
When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price
What do you mean by the term privatization?
18,76,764
1935208 Asked
3,689
Active Tutors
1432838
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!