Problem on hyperinflation, In the year 2015, people begin utilizing dollar bills to wipe

Problem on hyperinflation

In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility. (3) The substitution effect. (4) The supply law. (5) Sticky salaries.

Choose the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Laws and Regulations-Seller of the good

The Caveat venditor is an ancient legal doctrine which, when the products are defective or fraudulently symbolized, imposes legal liabilities on: (1) Seller of the good. (2) Government, for failing to save consumers. (3) Resource owner. (4) Buyer, for failing to use d

Q : Effects of deceptive accounting

Whenever stockholders who made big financial investments in Enron prior to the mid-1990s suffered huge losses during the year 2001-2002 since of deceptive accounting practices and insider trading, they were the victims of problem termed as: (1) Adverse selection (2) M

Q : Economic profit at profit-maximizing

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. When HoloIMAGine produces its profit-maximizing output, this is demonstrated as: (w) operating in the long run. (x) realizing an economic profit equ

Q : Define money Money : Money is what

Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.

Q : Characteristics of oligopoly Features

Features of oligopoly: 1) Few sellers in the market 2) Firms sell homogenous or differentiated products. 3) Price Rigidity. 4) Behavior of each firms dependence on the other firms.

Q : Stream of Present Value of Annual Income

The present value of an annual income stream which goes onto forever is: (w) infinite. (x) zero. (y) the annual income multiplied through the interest rate. (z) the annual income divided through the interest rate.

Q : Wage of firm elasticity of demand for

A firm’s wage elasticity of demand for labor is least influenced by: (1) how much time the firm has to adjust to changing wages. (2) the proportion of labor’s share of the total costs. (3) the ease of substitution in between capital

Q : Powerful negative externalities in

Potentially powerful negative externalities are mainly overwhelmingly a decisive argument against permitting laissez faire policies and supplies to govern the production and market demands and distribution of: (1) avian flu antivirus shots. (2) public

Q : Estimation of total cost in specific

Total cost can be estimated as area: (i) 0bcq1. (ii) 0adq2. (iii) 0Peq2. (iv) aPed. (v) Cannot be measured in illustrated figure. 22</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Least consistent demand curve with

The demand curve which is least consistent along with the existence of a substitution consequence is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1460011 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1942424
Asked

3,689

Active Tutors

1460011

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment