Recovery - Phases of business cycle
Explain about the term Recovery in phases of business cycle.
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Recovery:
Depression phase does not carry on indefinitely. Depression includes in itself the gems of recovery. The regulation workers now come forward to work at low wages. Since the prices are at its lowest the consumers, who postponed their consumption expecting a still further fall in price, here starts consuming. The banks, along with accumulated cash reserves, currently come forward to provide loans at easier terms and lower rates. Since demand increases the stock of goods become inadequate. Now the economic activity starts picking up and the investment pickup. Service and output slowly and steadily begins to grow. Raised income raises demand, resulting in rise in prices, employment, profits investment and incomes. The wave of recovery when initiated soon begins to feed on itself. Stock markets become live therefore hastening the revival. Optimism expands among the entrepreneurs. Demands and bank loan for credit starts rising.
The firm in this illustrated graph is clearly: (1) price taker in the sale of its output because of the shapes of the VMP and MRP curves. (2) price taker in the purchase of labor when this can hire as several workers as this chooses at roughly of $13 per hour. (3) mon
If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15. Q : Evan J Douglass definition of What is the Evan J Douglas’s definition of Managerial economics?
What is the Evan J Douglas’s definition of Managerial economics?
Explain the Arc Method of Measurement of Elasticity.
Demand for labor of this purely competitive firm in given figure corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg. Q : Illustrates the steps in formulating Illustrates the steps in formulating pricing policies in details?
Illustrates the steps in formulating pricing policies in details?
Illustrates the economies of scale are categorization?
Along two supply curves which are straight lines by the origin, the price elasticity of supply as: (w) is below 1 for all prices and quantities upon both curves. (x) is less for a given quantity beside the steeper curve. (y) equals on
Economy-extensive efficiency needs both allocative and technical efficiency within production and: (w) equity within the distribution of national income. (x) biological efficiency, in that people's basic desires should be met. (y) pol
A labor market operates inefficiently when labor is hired only up to a point where, that the last worker: (1) VMP = w. (2) VMP minus MRC exceeds zero and is maximized. (3) P x MPPL = w. (4) added total revenue equals added total cost. Discover Q & A Leading Solution Library Avail More Than 1434376 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1921979 Asked 3,689 Active Tutors 1434376 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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