demand curve
The law of demand is graphically demonstrated by:
After adjusting income for taxes and transfers, affects that would be least responsible for the reducing percentages of the U.S. population classified like “middle relative income” from 1976 is probably: (
During the long run, the labor supply curve facing a main industry: (w) will always be positively associated to the wage rate. (x) will slope upward only when individual labor supply curves slope upward. (y) can be backward bending at very high wage r
How does rise in price of a substitute good in consumption influence the equilibrium price?
Explain the term PHP?
Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.
When a monopolist maximizes profit in the product market, then it will: (i) Hire the labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage
Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans? Q : Why production possibility curve is Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
A firm which cannot price discriminate although which faces a negatively-sloped demand curve for output: (1) has a marginal revenue curve which is always below which demand curve. (2) will never knowingly produce at a level of output where the price e
Balance of trade: It is the distinction between imports and exports of a country which are valued.
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