According to the theory of supply-sellers will place

Assignment Help Business Economics
Reference no: EM131091675

According to the theory of supply, sellers will place: a a fixed amount of the good on the market regardless of its price. b more of the product on the market when its price increases. c less of the product on the market when its price increases. d more of the product on the market when its price decreases. e None of the above

Reference no: EM131091675

Questions Cloud

Should the federal reserve aim at zero inflation policy : Discussion Board Debate: "Should the Federal Reserve aim at a zero inflation policy?" Explanation: Virtually all economists agree that high inflation rates are disruptive. Economies experiencing double-digit inflation rates tend to have lower growth ..
Direct mapping : A block direct mapping cache has line/slot that contains 4 words of data. The cache size is 16k line. Main memory contains 16k blocks of 128 byte each.
Determining the corresponding numbers : Suppose that last year consumption was $570 billion, tax receipts were $240 billion, and income was $900 billion. The corresponding numbers for this year are $600 billion, $250 billion and $950 billion.
Cause an increase in the supply of cotton : Which of the following would not cause an increase in the supply of cotton?
According to the theory of supply-sellers will place : According to the theory of supply, sellers will place:
Examine the process of innovating and developing ideas : Now it's time to pull everything together and create your final business plan. Make sure to review all the feedback you received for Assignments 1, 2, and 3, and make the necessary corrections.
Set associative mapping : A block set - associative cache consists of a total of 64 blocks divided into four - block sets. The main memory contain 4096 blocks, each consists of 128 words.
Recruitment and retention of qualified staff : Write two page essay on 'Recruitment and retention of qualified staff' along with proper references, Explain the prime functions requiring for strategic planning and development.
Determine the main purpose of a statement of realization : Assume that John, James, and Jane are considering creating a legal business entity to develop and market their idea for a web application. Recommend the most appropriate type of business activity (i.e., a general partnership, a limited liability p..

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the income elasticity of demand for new outfits

Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outfits she purchases each year from 20 to 19. Use the midpoint method to calculate the income elasticity of demand for new outfits.

  Two firms face the abatement costs

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs: Determin..

  Qa firm that sells e-books books in digital form

q.a firm that sells e-books books in digital form downloadable from the internet sells all e-books relating to

  Balance sheet as ordinary shares outstanding

Show and compute the following (don’t use Key Ratios precomputed from the site). Compute the ratios using the methods described in this class (which may not always give you the same number as shown in Key Ratios). Note that sales = Total Revenue, and..

  New radius of the factorys market area

Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.

  Explain how much does government purchases have to change

Government wants to change its spending in order to avoid a recession. If crowding-out effect is always half as strong as multiplier effect and if MPC equals 0.9, by Explain how much does government purchases have to change.

  Distribution of wealth to the distribution of income

When comparing the distribution of wealth to the distribution of income, it can be noted that

  The demand function for firms product

The demand function for a firm’s product is Q = P^(-3). The firm’s marginal cost of production is constant at MC(Q) = 12. Calculate the elasticity of demand, as a function of Q. Does the firm’s profit maximization problem satisfy the global SOC?

  Organizations that provide the good may utilize

Propose two (2) methods in which organizations that provide the good may utilize this information. Provide a rationale for your response.

  Consumer incomes increased

If shoes and socks are complements and both are normal goods, show graphically what would happen to the consumption of shoes and socks if the price of shoes decreased. consumer incomes increased.

  Oligopoly are mutually interdependent means that each firm

The fact that the firms in an oligopoly are mutually interdependent means that each firm:

  Mauricio has a circus act and he has a budget

Mauricio has a circus act, and he has a budget of $720 to spend on monkeys and unicycles. The cost of a unicycle is $120 and the cost of a monkey is $90. Please graph Mauricio\'s budget constraint on the graph below.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd