What did professor Hidbon illustrates about Demand
What did professor Hidbon illustrates about Demand?
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In the opinion of Prof. Hidbon, “Demand means the different quantities of goods which would be purchased per time period at various prices in a specified market. Therefore demand for a commodity is its quantity that consumer is capable and willing to buy at different prices during a specified period of time. Only, demand is the behavior of potential buyers into a market.
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When a firm is a price taker into the labor market and the wage is $80 daily, the marginal resource cost incurred while hiring 20 more workers daily is: (w) $80. (x) $1600. (y) $800. (z) $400. Discover Q & A Leading Solution Library Avail More Than 1456361 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1958910 Asked 3,689 Active Tutors 1456361 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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