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.
The marginal utility (MU) of a good: (1) Was first introduced by Adam Smith. (2) Is simply measured in dollars. (3) Is determined by society as an entire. (4) Reflects subjective preferences. Can someone help me in getting through
Compared with the price taker in labor market, the monopsonist which can’t wage discriminate will: (i) Hire more labor at any specified wage. (ii) Hire less labor at any wage. (iii) Pay a higher wage for any specified quantity of labor. (iv) Hire more prolific l
Line T1 depicts in given graph as in below a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. Q : Most desperate market participants of Tax burdens on transactions are probably to be disproportionately borne through the relatively as “most desperate” market participants those, who are: (1) sellers when the market supply curve is relatively
Tax burdens on transactions are probably to be disproportionately borne through the relatively as “most desperate” market participants those, who are: (1) sellers when the market supply curve is relatively
Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)  
The carpenters union is capable to force agreement by the furniture manufacturer in Loblolly, North Carolina which the plant hire at least one carpenter per machine to ensure performance at such stations is proficient. This now outlawed strategy is termed as: (i) Feat
Can someone please help me in finding out the accurate answer from the following question. The labor monopsonist who is as well a monopolist in an output market: (1) Always makes huge profits. (2) Hires more units of the labor when
Consumers’ demand prices and sellers’ supply prices may be different in equilibrium due to: (w) arbitrage. (x) expectations about availability. (y) the invisible hand. (z) government subsidies or tax wedges.
Can someone help me in finding out the right answer from the given options. Hourly salaries as reflected in take-home pay are probable to be less than the values of worker’s marginal product (or VMP) in part since of: (1) Monopsonistic exploitation which causes
I have a problem in economics on Stockholders of a big business corporation. Please help me in the following question. The stockholders of a big business corporation: (1) Frequently manage the everyday output decisions. (2) Usually own big percentages of the total sha
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