A Complete Jobs and Visa Solution
(a) the marginal cost must be less than the average total cost(b) total cost must be constant(c) the average fixed cost curve must be above the average variable costcurve(d) the marginal cost must be greater than the average total cost
(a) Desire for that commodity(b) Need for that commodity(c) Quantity demanded of that commodity(d) Quantity demanded at a certain price during any particular period of time
(a) a rectangular hyperbola(b) a downward sloping convex to the origin curve(c) a downward sloping straight line(d) a U-shaped curve
(a) less than one(b) less than zero(c) equal to one(d) greater than one
(a) crude oil prices(b) copper future prices(c) gold future prices(d) shipping rate index
(a) Insurance on buildings(b) Overtime payment to worker(c) Cost of energy(d) Cost of raw materials
(a) A commodity produced by the Government(b) A commodity whose benefits are indivisibly spread among the entire community(c) A Government scheme that benefits the poor households(d) Any commodity that is very popular among the general public
(a) Electricity(b) National Defence(c) Light House(d) Public Parks
(a) Increase in price of a commodity over time(b) A situation where the same product is sold to different consumers fordifferent prices(c) Subsidization of a product by the Government to sell it at a lower price(d) General decrease in price Read more
(a) The main change made by the tax laws of 1981 and 1986 was toincrease marginal tax rates in order to balance the budget(b) The Laffer Curve says that, if marginal tax rates fall, tax revenues will rise and the Read more