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.
Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.
Define the term Psychological Pricing and what are their aspects?
Marginal cost: It is the change in sum cost by generating one more or less unit of output.
When this monopoly generates Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Q : Price elasticity of demand relatively The transfer of wealth from industrialized countries to oil exporting countries (OPEC) which followed skyrocketing oil prices within the 1970 year indicates such that the price elasticity of demand for oil: (w) relatively low. (x) relatively high. (y)
The transfer of wealth from industrialized countries to oil exporting countries (OPEC) which followed skyrocketing oil prices within the 1970 year indicates such that the price elasticity of demand for oil: (w) relatively low. (x) relatively high. (y)
Can someone help me in finding out the right answer from the given options. The marginal resource cost for the monopsonist in labor market which can’t wage discriminate: (i) Is perfectly elastic. (ii) Lies above the market supply of labor. (iii) Is perfectly ine
Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs
Cartel agreements tend to be unstable since: (1) outputs are homogenous. (2) cooperation replaces competition. (3) all governments oppose cartels. (4) members have incentives to cheat. (5) All of the above. Hello g
Economically, the labor unions can be thought of as the: (i) encouraging competition between the workers for jobs. (ii) Rising the flexibility of nominal wages. (iii) Attempts to cartelize and unite the individual sellers of labor. (iv) Having a goal of the minimum un
What does leftward shift of PPC point out? Answer: It points out underutilization of resources.
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