long run supply
Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.
When consumer demand for this industry’s product is relatively inelastic, in that case the curve reflecting normal substitution although the least price elasticity of market demand would be of: (i) curve A. (ii) curve B. (iii) curve C. (iv) curv
What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.
Can someone please help me in finding out the precise answer from the following question. The summation of all the firms which produce a given product is categorized as: (1) Multinational. (2) An industry. (3) Cartel. (4) Monopoly. (5) Plant.
An approximate estimate of the price elasticity of demand is best computed by the absolute value of the formula: (1) change in P / change within Q. (2) % change in Q / % change in P. (3) % change in Q / % change in income. (4) % chang
Short-run demand for the labor would be LEAST affected by the: (i) Productivity of resource. (ii) Prices of substitute resources. (iii) Demand for goods generated by the resource. (iv) Fixed costs of firm. Can someone please help m
Linear consumption function: It is a consumption function that is given on the basis of steady marginal propensity to consume. C = c + bY Here c = aut
Fiscal deficit: When TE (RE + CE) > TR (RR + CR) of the government, excluding borrowing. It is termed as fiscal deficit.
Is the study of cotton textile business a macroeconomic or a microeconomic study? Answer: The study of cotton textile business is a microeconomic study.
From 1976 year, after adjusting income for taxes and transfers, the relative income group which, according to the Department of the Census, which has decreased most markedly like a percentage of the U.S. population ha
To form and effectively keep a cartel over time needs that the: (w) bulk of output be produced and sold by a minute number of cartel members. (x) product be relatively heterogeneous. (y) demand for the product be highly elastic. (z) government totall
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