Illustrates the economies of scale are categorization
Illustrates the economies of scale are categorization?
Expert
While a firm increases all the factor of production this enjoys the same benefits of economies of production. The economies of scale are categorized as:
a. Internal economies. And
b. External economies.
What are the significant causes of business cycle to give birth?
what are the criteria for good forecasting
The substitution consequence on labor supply decision of an individual is more powerful than the income effect while: (1) higher wage rates result within increased hours worked. (2) cuts in wage rates yield discouraged worker effects. (3) the supply c
When, for a specified output level, an absolute or perfectly competitive firm's price is less in that case its average variable cost, so the firm: w) is earning a profit. x) must shut down. y) must increase output. z) must increase price. Q : Forecasting demand what are the what are the criteria for good forecasting
A firm which is a price taker in the labor market will hire labor to the point where the wage rate is equals labor’s: (w) average output. (x) marginal revenue product. (y) average revenue product. (z) marginal physical product.<
An investment in human capital is most obviously illustrated while: (1) Biff Biceps lifts weights before going to the beach to surf. (2) Cary Coffee drinks four cups of latte before going to work. (3) Pollyanna reads Harlequin Romance novels within he
States the Wealth Definition in economics?
Illustrates the demand schedules important for law of demand? Answer: The perception of law of demand may be explained along with the demand schedules are as follow:
A currently-laid-off worker is probably to find another job quickly when the worker has substantial amounts of: (i) unemployment compensation and a strong union. (ii) specific human capital gained at the previous job. (iii) screening,
18,76,764
1956217 Asked
3,689
Active Tutors
1416907
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!