Problem on Laws and Regulations
Can someone please help me in finding out the accurate answer from the following question. Raised demand for beer would be most probable to follow a fall in the: (1) Legal drinking age. (2) Price of ale. (3) Price of hard liquor. (4) Price of wine.
A monopoly will make economic profits within the short run: (w) but cannot create economic profits in the long run. (x) if average total costs [ATC] > P. (y) as long as total revenue exceeds total costs. (z) All of the above.
The firm with monopsony power in labor market: (1) Can hire any significant amount of labor devoid of affecting the wage. (2) Can pay any wage it wishes. (3) Must pay a higher wage when it hires more labor. (4) Must pay a lower wage when it hires more
The ratio of the percentage change within the quantity of beef sold over the percentage change within the price of pork is: (1) price elasticity of demand for beef. (2) price elasticity of demand for pork. (3) income elasticity of dem
The arc elasticity of demand of Bosun for labor in between point f and point g is approximately: (1) one. (2) 1.250. (3) 1.375. (4) 1.500. (5) 1.750. Q : Union Shop Agreements The union shop The union shop agreement needs that the worker: (1) Join the labor union prior to beginning to work. (2) Pay union dues even when selecting not to join union. (3) Join the union soon subsequent to being hired. (4) Freely select to join or not join union.
The union shop agreement needs that the worker: (1) Join the labor union prior to beginning to work. (2) Pay union dues even when selecting not to join union. (3) Join the union soon subsequent to being hired. (4) Freely select to join or not join union.
The cost of cashmere plummets and most of the people start employing this once costly material as pillow covers and to knit sweaters for their pets. This is an illustration of: (i) The income effect. (ii) The change in preferences and taste. (iii) The law of diminishi
The Diamante Corporation is vast and owns the world’s merely red diamond mine. Thus diamante monopolizes the market for red diamonds, and this is protected by competition by a: (1) regulatory barrier to entry. (2) strategic barrier to entry. (3) natural barrier
For Cournot’s Spring Water the demand is perfectly price inelastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e. Q : Completely elastic price of demand On On such demand curve, the demand for DVD games is completely elastic at a price of: (w) $50. (x) $25. (y) $20. (z) None of the above. Q : Define macroeconomics Define Define macroeconomics?
On such demand curve, the demand for DVD games is completely elastic at a price of: (w) $50. (x) $25. (y) $20. (z) None of the above. Q : Define macroeconomics Define Define macroeconomics?
Define macroeconomics?
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