Illustrate normative statement
In economics illustrate normative statement?
Expert
The term normative statement in economics is just like a normative statement in any other academic subject. We can say it is a statement about something with an implicit value judgment or moral claim.
It is differ from a descriptive statement i.e. supposed to be ideologically or value neutral.
A monopoly facing a demand curve which has segments higher than its average variable cost curve that sets price: (w) equal to MR. (x) equal to marginal costs [MC]. (y) from the market demand curve after finding the quantity where is m
Can someone please help me in finding out the accurate answer from the following question. The Fair Labor Standards Act initially: (1) Was performed in the year 1858. (2) Outlawed minimum salaries. (3) Established a low minimum salary in a limited number of divisions
I have a problem in economics on Labor Supply-Elasticity. Please help me in the following question. When we try to list the labor supplies from least elastic to the most elastic, then the most accurate ranking would most likely be: (i) Competitive fir
Oligopolists enter within formal or informal arrangements to fix prices within attempts to: (1) stabilize prices to customers. (2) compete more effectively along with foreign competitors. (3) reduce the price elasticity of market demand. (4) max
Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs
When the price of each of the given assets is $10,000 and the interest rate is 10%, then investment is most justified for: (1) a perpetuity paying $900 annually. (2) a machine with a 3 year life which can be leased to an outsider for $10 per day. (3) an income stream
The rate of return for an asset which costs $1,500 today and pays $1,800 a year from now is: (1) 5 percent. (2) 10 percent. (3) 15 percent. (4) 17.5 percent. (5) 20 percent. Please choose the right answer from abov
The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (i) Price discrimination. (ii) Monopolistic exploitation. (iii) Feather-bedding. (iv) Blacklisting. (v) Monopsonistic expl
Can someone help me in finding out the right answer from the given options. The experience that your very first kiss with a latest crush was more thrilling and satisfying than your 10th kiss 35 minutes later is an illustration of the: (i) Familiarity principle. (ii) N
Can someone help me in finding out the right answer from the given options. The Firms adjust their inputs of the labor or other resources till: (1) Revenue is maximized. (2) Employment is maximized. (3) Marginal product of the labor is maximized. (4) Gain is maximized
18,76,764
1956216 Asked
3,689
Active Tutors
1453740
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!