Illustrates the case of customary pricing with details
Illustrates the case of customary pricing with details?
Expert
Customary pricing:
Under the case of several commodities the prices get fixed since they have prevailed over a long period of time. For illustration as: the price of cup of tea or coffee. Under short the prices are fixed through custom. The price will vary only while the cost changes significantly. This is also termed as conventional pricing.
Since an economy moves downward all along the production possibility frontier which is concave from beneath, the: (1) Opportunity cost of the good whose production goes increasing. (2) Law of rising returns outcomes ever lower costs. (3) Dollar value
The relative price of leisure rises while there are increases within the: (w) supply of labor. (x) wage rate. (y) cost of living. (z) marginal tax rate on income. Can someone explain/help me with best solution abou
Illustrates the criteria for good forecasting method?
Illustrates the Barometric technique of Demand Forecasting?
If a perfectly competitive firm determines that its market price is below its minimum average variable cost, this will sell: w) the output where marginal revenue equivalents marginal cost. x) any positive output the entrepreneur decid
Refer to figure as in above. What occurs when the firm produces more than Q4 units: w) Its profit raises. x) this makes a loss. y) Its total revenue is increasing quicker than its whole cost. z) this could make a profit or a loss depending upon what occurs
Explain the Price Elasticity of Demand.
Within a graph along with output on the horizontal axis and whole revenue on the vertical axis, determine the shape of the total revenue curve for a perfectly competitive seller: w) U-shaped. x) inverted U-shaped. y) a horizontal line
States the Welfare Definition in economics?
Define the Revenue Concept in brief.
18,76,764
1951148 Asked
3,689
Active Tutors
1435204
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!