Relationship between MPP and TPP
If MPP is zero, what can you state regarding TPP? Answer: TPP is at its maximum.
If MPP is zero, what can you state regarding TPP?
Answer: TPP is at its maximum.
With a specific market demand for the product and a specific market labor supply curve, the employment will be smallest if a firm is: (1) Monopolist in product market and a pure competitor in the labor market. (2) Pure competitor in labor and product markets. (3) Pure
The time period of union strikes and the equilibrium wage rate at conclusion of the strike are focus at: (i) Dept. of Labor’s Collective Bargaining Arbitration Division. (ii) Collective bargaining model made by Sir John Hicks. (iii) Bilateral monopoly model.(iv)
Market for goods is in equilibrium. There is an increase in demand for this good. Describe the chain of effects of this change. Elucidate with the help of diagram.
Describe the relationship among Average Variable Cost (AVC) Average, Total Cost (ATC) and marginal Cost (MC)? Answer: A) If MC
The counter-argument to the idea which unions cause inflation is that the union negotiated wage hikes: (i) Are not excessive except W > average revenue products. (ii) Set the pattern for non-union wage negotiations. (iii) Tend to outcome in lower salaries in non-un
What do you mean by a social welfare function? If you assume that such a function exists, what properties of social optima would be considered by you? Discuss such properties.
How is TVC derived from MC? Answer: TVC = Sigma MC
If price ceiling or price floor were removed what is the impact on the economy?
Refer to the following data. Equilibrium price will be: A) $4. B) $3. C) $2. D) $1. Give the answer of above questaion
What does leftward shift of PPC point out? Answer: It points out underutilization of resources.
18,76,764
1957154 Asked
3,689
Active Tutors
1414407
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!