Why the slope budget line downward
Describe why is the budget line slope downward?
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Since with given money income when a consumer purchases more of one good, he has to buy less of another goods.
When you can buy a bond today for $1,000 and this will mature at $1,210 two years from currently, the rate of return on this financial investment is: (1) 10%. (2) 10.5%. (3) 11%. (4) 12%. (5) 21%. Q : Interest rates of business investors in The interest rates business investors into economic capital should pay on a loan: (w) reflect the opportunity costs to society of funding one investment in place of another. (x) are relatively trivial investment costs by investors&rsq
The interest rates business investors into economic capital should pay on a loan: (w) reflect the opportunity costs to society of funding one investment in place of another. (x) are relatively trivial investment costs by investors&rsq
Refer to the following data. Equilibrium price will be: A) $4. B) $3. C) $2. D) $1. Give the answer of above questaion
Of the given, the firm probably to consider possible reactions through rival firms while making price and output decisions would be as: (w) a family-owned and operated dairy farm in Wisconsin. (x) your local electric utility. (y) the biggest independe
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.
Oligopolistic markets in equilibrium are described by: (w) a large number of sellers of homogeneous output. (x) monopolistic sellers dealing along with only some buyers. (y) a small number of sellers of close substitutes. (z) socially optimal amounts
In spite of of whether a firm is a pure monopoly or operates within a purely competitive industry as: (i) this should expect total revenue to cover total variable costs or this will not operate. (ii) the demand curve this faces will be horizontal in t
Which of the given recommend that supply is most price elastic: (1) a pay hike from $400 to $800 monthly raises military enlistees from 12,000 to 28,000 monthly. (2) A 20% increase in goat milk production follows a 40% increase in the price of cow mil
Taxes on pure land rents: (1) especially distort economic behavior. (2) are forward shifted to consumers. (3) transfer income from the public treasury to private landowners. (4) are allocatively neutral relative to most alternative taxes. (5) are over
I have problem in this question. What is lexicographic preference ordering? Provide me correct answer of this.
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