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 households become increasingly willing to defer current consumption in order that they can enjoy greater future consumption, in that case the: (1) interest rate rises. (2) equilibrium investment level rises. (3) present value of
If MPP is zero, what can you state regarding TPP? Answer: TPP is at its maximum.
Can someone please help me in finding out the accurate answer from the following question. The paradox of the value (also termed as the diamond-water paradox) occurs from: (1) High transaction costs. (2) Low transaction costs. (3) Failures to differentiate among the m
Programs that provide preferential treatment to members of groups which have previously suffered due to discrimination are termed as: (i) redistributive justice. (ii) affirmative action. (iii) compensating variations. (iv) equity considerations. (v) transfer programs.
The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes. Please choose the right answer from above...I want your suggestion for the same
The thought that, in equilibrium, the more you pay for the good, more it is worth (that is, at the margin) to you is most intimately associated to the: (1) Law of diminishing returns. (2) Equivalent satisfaction corollary. (3) Veblen effect. (4) Rising cost hypothesis
When purely competitive firms operate within increasing cost industries, several: (1) individual firms’ supply curves should be horizontal. (2) firms should experience decreasing returns to scale at low output levels. (3) specia
The Profit-maximizing firms which operate in the competitive resource and output markets adjust the labor inputs till the wage rate equivalents the: (i) Average revenue from the output. (ii) Output price equivalents the average variable cost. (iii) Marginal utility of
A large negative GDP gap implies: A) an excess of imports over exports. B) a low rate of unemployment. C) a high rate of unemployment. D) a sharply rising price level.
The business owned and operated by the lone individual is a/an: (i) Unit of labor. (ii) Entrepreneurship. (iii) Corporation. (iv) Sole proprietorship. Can someone please help me in finding out the accurate answer from the above opt
18,76,764
1928289 Asked
3,689
Active Tutors
1450033
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!