cross-elasticity of demand
Interpret the following Cross-Price Elasticities of Demand (XED) and explain the relationship between these goods. (3 marks total, 1.5 marks per part) XED= + 0.64 and XED= -2.6
In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility
Why borrowing is treated as capital receipts? Answer: Because it rises the liability of government.
A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. Q : Example of variable in Short Run The The resource which a carpet manufacturer is most probable to view as the variable in short run would be: (i) The warehouse it owns (ii) Truck driver. (iii) The truck on a 5-year lease agreement. (iv) Firm’s biggest factory. C
The resource which a carpet manufacturer is most probable to view as the variable in short run would be: (i) The warehouse it owns (ii) Truck driver. (iii) The truck on a 5-year lease agreement. (iv) Firm’s biggest factory. C
When a monopolist’s marginal costs of production are positive and the demand curve, this faces is a negatively sloped straight line, as of the subsequent possibilities the absolute value of the price elasticity of demand at a pr
At the point on the demand curve for RoboMaids where the price elasticity of demand is unitary, the price would be roughly: (i) $10,000, resulting in sales of roughly 16,000 robots monthly. (ii) $13,000, resulting in sales of approxim
Conditions of producers equilibrium: The conditions of producers equilibrium through the marginal cost and marginal revenue approach are as follows. 1. Marginal cost should be equal to marginal revenue.
Microeconomics primarily consist the study of: (w) unemployment, inflation, and our monetary system. (x) capitalism versus socialism. (y) individual decision making within households, industries and firms. (z) rational budgeting through government and
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 : Price ceilings causes shortages of a When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged
When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged
18,76,764
1932383 Asked
3,689
Active Tutors
1412747
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!