Perfectly inelastic supply of labor
Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unit
In this demonstrated figure, the total revenue: (w) varies inversely along with price in range b. (x) is minimized at the midpoint of the demand curve. (y) remains unchanged like price changes within range b. (z) will raise as price falls within range
Both average variable costs and average total costs are demonstrated for this profit-maximizing firm, therefore this given figure depicts information for: (i) an oligopoly firm. (ii) operations in the short run since fixed costs are present, although
How does rise in price of a substitute good in consumption influence the equilibrium price?
State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.
When the rate of return you compute onto an asset exceeds the interest rate: (w) its present value exceeds its price. (x) the market is within long term equilibrium. (y) you should avoid buying the asset. (z) the price must fall quick
Refer to the following data. Equilibrium price will be: A) $4. B) $3. C) $2. D) $1. Give the answer of above questaion
Natural barriers to entry within a market arise primarily by: (w) strategies by existing firms to discourage the entry of new firms. (x) perfectly inelastic demands for products. (y) the declining cost structure inherent in producing specific goods. (
The phrase ‘dollar votes’ refers to the consumers: (1) Voting patterns in the national elections. (2) Recognizing what goods are produced. (3) Each containing an equivalent says about what is generated. (4) Being subservient to big firms. Q : London Olympics-how will the economy be ‘Describe the influence of London Olympics on economy?’
‘Describe the influence of London Olympics on economy?’
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