Illustrates the case of customary pricing with details
Illustrates the case of customary pricing with details?
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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.
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A government-supported literacy program provided from a firm which primarily employs unskilled labor is an illustration of an investment in: (1) human capital depreciation. (2) business paternalism. (3) specific training. (4) laissez-faire economics.
A labor market operates inefficiently when labor is hired only up to a point where, that the last worker: (1) VMP = w. (2) VMP minus MRC exceeds zero and is maximized. (3) P x MPPL = w. (4) added total revenue equals added total cost. Q : States the term Shift in Demand States States the term Shift in Demand?
States the term Shift in Demand?
Demand is probable to be most wage elastic at prevailing wages for: (1) carpenters. (2) neurosurgeons. (3) computer programmers. (4) teenage employees of fast food restaurants. (5) economists. Can someone explain/h
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The concept of derived demand means that: (w) consumer demands for goods depend on the utilities received from their use. (x) firms’ demands for resources depend upon consumer demands for the goods produced. (y) governmental demands for social g
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