Illustrates the factors changes in demand
Illustrates the factors changes in demand?
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Demand of a commodity may change. This may decrease or rise because of changes in exact factors. These factors are termed as determinants of demand. Such factors include;
1) Nature of a commodity 2) Price of commodity 3) Wealth and Income of consumer 4) Preferences and Taste of consumer 5) Price of associated goods (compliment and substitutes goods) 6) Expectations of consumers. And7) Advertisement and so on.
Illustrates the important question regarding the managerial economics?
When the wage rate price of $13, in that case this firm would hire slightly fewer than: (i) 600 workers. (ii) 700 workers. (iii) 800 workers. (iv) 900 workers (v) 1000 workers. Q : Marginal Product of Labor Diminishing Diminishing returns to labor or questions of monitoring and coordination start to overwhelm any gains by specialization and division of labor within this graph at: (1) point a. (2) point b. (3) point c. (4) point d (5) point e.
Diminishing returns to labor or questions of monitoring and coordination start to overwhelm any gains by specialization and division of labor within this graph at: (1) point a. (2) point b. (3) point c. (4) point d (5) point e.
Illustrates the types of revenue?
Defined the simple way for production function?
Define the Revenue Concept in brief.
Illustrates the private cost of production?
What are the merits and demerits of Scarcity Definition of economics?
In countries employing decentralized markets for nearly all decision making: (1) Private individuals select how most resources and goods are allocated. (2) Nonhuman resources should be individually owned. (3) Elaborate economic plans are planned and enforced by law. (
The economic theorist most famed for developing marginal productivity theory was: (1) Thorstein Veblen. (2) Karl Marx. (3) Alfred Marshall. (4) John Bates Clark. (5) Vilfredo Pareto. Can someone ex
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