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.
A particular monopolistically competitive firm’s total revenue is probably to increase when this: (w) increases the prices of its products and consumer demand is elastic. (x) maintains its original price even if all of its compe
The Physical space is an illustration of the: (i) An input in the production procedure. (ii) The constraint on the production. (iii) The labor used up in production. (iv) An output of production procedure. Can someone please help m
Break-even levels of output for a firm happen where is: (w) total revenue equals total economic cost. (x) accounting profits are zero. (y) total variable cost equals total fixed costs. (z) competitive firms will shut down within the short run.
Within the long run a monopolistically competitive firm will not be characterized through: (w) zero economic profit. (x) price greater than marginal revenue. (y) production at lowest possible average total cost. (z) price greater than marginal cost.
When the price of a good or resource drops/falls, the demands for: (i) that good or resource rise. (ii) Complementary goods or resources reduce. (iii) Replacement of goods or resources reduces. (iv) Luxury goods and inferior resources drop/fall.
I have a problem in economics on Imperfect competition problem. Please help me in the following question. As MRP < VMP in the imperfect competition whenever firms have market power as the sellers: (1) MPPL = VMP. (2) Price of output surpasses MFC.
Elucidate the Secondary or Subsidiary function? Answer: 1) Standard of deferred payments: Money is executing as deferred Payment
Assume that the market for cigarettes in a specific town has the given supply and demand curves: QS = P; QD = 50 − P, here the quantities are evaluated in thousands of units. Assume that the town council requires raising $300,000 in revenue
Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency. Q : Increasing supply problem Whenever the Whenever the equilibrium in the figure shown move from point a to point b, raised supply has taken only in the market illustrated in: (i) Panel A. (ii) Panel B. (iii) Panel C. (iv) Panel D. Discover Q & A Leading Solution Library Avail More Than 1421117 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947715 Asked 3,689 Active Tutors 1421117 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Whenever the equilibrium in the figure shown move from point a to point b, raised supply has taken only in the market illustrated in: (i) Panel A. (ii) Panel B. (iii) Panel C. (iv) Panel D. Discover Q & A Leading Solution Library Avail More Than 1421117 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947715 Asked 3,689 Active Tutors 1421117 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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