What is involuntary unemployment
What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.
If all variable costs can be covered, in that case every firm maximizes profit by adjusting output till: (w) total revenue is maximized. (x) marginal revenue = average cost. (y) average cost = marginal cost. (z) marginal revenue = marginal cost.
1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
Can GDP be more than GNP? Answer: Yes, GDP can be greater or more than GNP if NFIA is negative.
Elucidate briefly the average standard of living in Africa?
Moving from point c to point d beside demand curve D, the price elasticity of demand DVDs of video games equals: (1) 0.8. (2) one. (3) 1.10. (4) 1.25. (5) 2.50 Q : Minor economic inefficiencies The minor The minor economic inefficiencies which monopolistically competitive firms may cause are as: (w) because of their inability to ever price discriminate. (x) a price which consumers pay for a greater range of slightly differentiated goods. (y) reflected
The minor economic inefficiencies which monopolistically competitive firms may cause are as: (w) because of their inability to ever price discriminate. (x) a price which consumers pay for a greater range of slightly differentiated goods. (y) reflected
Investment is within equilibrium in all of the given cases EXCEPT while: (w) after adjusting for risk, maturity, and liquidity, all income producing assets yield identical returns. (x) all prices of assets exactly equal their respecti
Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of
Complements: The two goods for which a rise in the price of one good leads to a reduction in the demand for other.
For water the price elasticity of demand is: (w) low since the price is high. (x) high since the price is high. (y) high since there are few substitutes for water. (z) low since this has few substitutes and a low price. Discover Q & A Leading Solution Library Avail More Than 1445997 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1934486 Asked 3,689 Active Tutors 1445997 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1934486 Asked
3,689
Active Tutors
1445997
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!