What is involuntary unemployment
What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.
When top executives of the corporation pursue policies which maximize their personal incomes and advantages, the most likely outcome is that: (1) The Corporation will attempt to maximize the net revenue. (2) Stockholders in the corporation will experience the highest
At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <
Exit from a competitive industry will carry on till economic: (w) losses are driven to zero. (x) profits precisely offset accounting losses. (y) profit exceeds accounting profit. (z) resources have minimum incomes.
Limits to statistical method: The mechanics of generating data and undertaking statistical analysis and modeling with that data are relatively straightforward. What is less clear is the process of structuring the scope and content of an empirical stud
‘Describe the influence of London Olympics on economy?’
Inferior goods in economics: Inferior goods refer to such goods whose demand reduces with the rise in income of consumer.
When you hold a bond if the interest rate rises, you will: (w) have less money when you sell it. (x) receive more interest income. (y) gain by shifting funds to the stock market. (z) eventually spend more and save more. Q : Price increment for higher total revenue A price increase for Pixie’s cheesy fried grits by P1 to P2 would yield higher total as: (w) revenue because demand is price elastic. (x) supply since demand is unitarily elastic. (y) revenue since demand is price inelastic. (z) use of the
A price increase for Pixie’s cheesy fried grits by P1 to P2 would yield higher total as: (w) revenue because demand is price elastic. (x) supply since demand is unitarily elastic. (y) revenue since demand is price inelastic. (z) use of the
A perfectly competitive market within the long period: Data firm A: ATC = y2 4y + 12 an
Within purely competitive industries: (w) short-run market supply curves are positively sloped. (x) long-run market supply curves are positively sloped. (y) short-run supply is more elastic than long-run supply. (z) economic profit exceeds accounting
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