What is involuntary unemployment
What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.
Describe how technological advancement influence the supply of specific product.
An increase in consumer desire for strawberries is most likely to: A) increase the number of strawberry pickers needed by farmers. B) reduce the supply of strawberries. C) reduce the number of people willing to pick strawberries. D) reduce the need for strawberry pic
Distinguish among devaluation and depreciation of domestic currency
When this purely competitive industry is described by moderately increasing costs, in that case line C would represent: (w) the demand curve facing the entire industry as a whole. (x) market-period supply. (y) long-run market supply. (z) short-run sup
Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (p) Less labor being appointed than if the markets were competitive. (q) More labor being hired than if the markets were competitive.
Each firm will shut down whenever the average expected revenue through selling output cannot equivalent or exceed expected as: (i) average total cost. (ii) marginal cost. (iii) average fixed cost. (iv) average variable costs.
Can the charting of past prices be used to predict future prices?
Supply curve of the labor is LEAST probable to be ‘backward bending’ for: (i) An individual worker. (ii) The economy as an entire. (iii) Highly specialized industries which are major employers of the specialized PhDs hired only after 10 years of experience
State the relationship between MPC and multiplier? Answer: The value of multiplier differs directly with MPC. K=1/1 - MPC.
Marginal physical product: It refers to the addition build to the total product.
18,76,764
1952103 Asked
3,689
Active Tutors
1441616
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!