Price mechanism
Write down the benefits of leaving the allocation of countries resources to price mechanism?
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The major situations needed which are illustrated below:
1. Whichever a fixed number of the agents or a goods.
2. No externalities – i.e., the consumption of one person must not damage or advantage anyone else.
3. No matter how much the person is consuming, they should be capable to be made slightly happier through consuming a bit more of something.
An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good
In equilibrium for any of profit-maximizing firm, marginal revenue product of the labor: (i) Is equivalent to the change in net revenue related with selling an extra unit of output. (ii) Surpasses the wage rate by maximum possible. (iii) Equivalents marginal factor co
The technology is such that LAC is minimized at firm’s output equivalent to 10 and minimum LAC is Rs. 15. Assume that the demand schedule for the product is given as shown: Q : Where is the price elasticity of supply The price elasticity of supply as in below demonstrated figure is unitary within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Price elasticity of demand when price When diet faddists gulp 205 million unsweetened as “No-Carb” milkshakes of $2.30 apiece, if cut back to 155 million per week while the price rises to $3.70 every, the price elasticity of their demand for shakes equivalents
The price elasticity of supply as in below demonstrated figure is unitary within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Price elasticity of demand when price When diet faddists gulp 205 million unsweetened as “No-Carb” milkshakes of $2.30 apiece, if cut back to 155 million per week while the price rises to $3.70 every, the price elasticity of their demand for shakes equivalents
When diet faddists gulp 205 million unsweetened as “No-Carb” milkshakes of $2.30 apiece, if cut back to 155 million per week while the price rises to $3.70 every, the price elasticity of their demand for shakes equivalents
Can someone please help me in finding out the accurate answer from the following question. The monopsonist will hire the labor until labor's marginal resource cost equivalents the: (i) Marginal revenue product of the labor. (ii) Marginal physical product. (iii) Value
A perpetuity is a: (w) financial asset which provides its owner eternal life. (x) perpetual motion machine which lasts forever. (y) bond which pays its owner an annual income forever. (z) profitable share in an established corporation. Q : Problem regarding Company Unions Can Can someone please help me in finding out the accurate answer from the following question. Unions which act primarily as tools for managers of a firm are termed as: (1) Union-busters. (2) Wildcat unions. (3) Company unions. (4) Managerial unions.
Can someone please help me in finding out the accurate answer from the following question. Unions which act primarily as tools for managers of a firm are termed as: (1) Union-busters. (2) Wildcat unions. (3) Company unions. (4) Managerial unions.
The demand curve that facing a monopolistically competitive firm is: (1) perfectly elastic within the short run. (2) perfectly inelastic due to numerous substitutes for its product. (3) less elastic than the demand curve facing a comp
The price elasticity of supply approximately measures the ratio of relative as: (w) profit to the amounts firms supply at different prices. (x) price increase necessary to induce a firm to raise output. (y) change within the quantity supplied to a rel
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