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Card 13 / 24:
What is the usual shape of a marginal revenue curve for a monopolist? Why?
The course author didn't provide an answer for this question
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Questions & Answers
how is economics not a science subject
i need the main definition of economics
what does it mean to say that market equilibrium is stable?
what is the practical significance of cross price elasticity of demand?
Ayesha
what is the practical significance of cross price elasticity of demand?
Ayesha
economics is a social science that deals with human behaviour relating with end and scares means
Okafor
why is economics not a pure science?
it is not a pure science because it only studies human behavior
Ayaane
economics is a social science cause it is relating to ends and scares means🙂
Okafor
what is management of human resources?
how is economics a science?
economics is not a science subject
either is a social science subject
Okafor
4. It is a hot day, and Bert is thirsty. Here is the value he
places on each bottle of water:
Value of first bottle $7
Value of second bottle $5
Value of third bottle $3
Value of fourth bottle $1
a. From this information, derive Bert’s demand
schedule. Graph his demand curve for bottled
w
what is the law of diminishing marginal utility
The law of diminishing marginal utility state that as a consumer consumes a successive units of a commodity, a point is eventually reached where consumption of additional unit yields less satisfaction.
raheem
other things can be equal an certain amount paid for the goods by consumer in the market called demand.
Dhanishhwar
demand is the amount of a commodity a consumer is willing and able buy at a given price at a particular point in time
Samuel
Demand is the quantity of commodity a consumer is willing and able to buy at a given price and a particular time.
raheem
economics is a social science subject, which study human behaviors as a relationship btw end ND scarce means
Joseph
Utility is the satisfaction a consumer derives from consuming a particular commodity.
raheem
what is a columnist
Owusu
what are the four basic assumptions of perfect competition
There is a well known maximum by economic that states that the birthd of money is the deaths of batter system discuss the statement
how does price elasticity increase
Source:
OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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