Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1) Adding a variable input (labor) to a fixed input (capital) will result in an increase in output:
A. Until the marginal product of labor is maximized.
B. Until the average product of labor begins to fall.
C. Until the marginal product of labor begins to diminish.
D. Until the marginal product of labor is becomes 0.
2) As a firm adds labor beyond the point of diminishing returns:
A. Total output is maximized
B. Total output falls
C. Total output continues to rise
D. Total output remains constant
3) ATC and AVC get closer together as quantity produced increases because:
A. Fixed costs are fixed
B. Perfectly competitive firms are price takers
C. Diminishing returns
D. Economies of scale
How might efficiency wages contribute to downward wage inflexibility, at least for a time, when aggregate demand declines.
Which of the subsequent correctly describes an external benefit resulting from A person's purchase of flu shots from a doctor.
Elucidate how many car companies will buy a latest car assembly machine. Interest payments are made once a year.
In an economy where the equilibrium rate of return on assets is 5 per cent per year, suppose there are three assets A, B and M. A is an acre of land and has an annual cash flow of $50 (received at the end of the year) and is not expected to appreciat..
The type of manuscript for this book was typed for free by a friend. Had I hired a secretary to do the same job.
illustrate what is the new equilibrium price and quantity. Compute the equilibrium price and quantity in this market.
Assume that the annual rate of inflation (compounded annually) is 2%. Assume that the market annual interest rate (compounded annually) is 3%. What is the real (i.e. “inflation-free”) annual interest rate (compounded annually)?
Important determinants of the demand for workstations and must therefore be included in the study. How would you respond to this implication.
The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
How does the taxation change if the income was $220,874? How does this variation affect people and corporations? Use the graph functions of Word or Excel to assist you-You will need two graphs
Compute the changes in consumer surplus, producer surplus, government revenue and third party surplus. Also, show these changes on a graph.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd