1. Define "Elasticity of Demand". Give an example. 2. Define the "Law of diminishing Marginal utility". Give an example. Describe whether the determination of the current value of the long-term assets is subjective or objective. Accordingly, what is the best that can be achieved in such ...
Demand refers to an economic phenomenon that arises when economic agents ask for the procurement of a good or service for the satisfaction of their want(s) or need(s). It is an inverse function of the price of the good or service in consideration, according to the law of demand. ...
1. The powers of the courts are defined by law. 法庭的权力是由法律规定的。 2. Reason defines man. 理性是人的特点。 3. The mountain was clearly defined against the light of the eastern sky. 东方天空的光芒使那座山清晰地显露出来。
aTechnical progress not only raises the productivity of labor and capital but also creates new products, offsetting the effect of the law of diminishing utility and opening up new dimensions for demand. 技术进展不仅提高劳资生产力,而且创造新产品,抵销减少的公共和开放的新的维度法律的作用为需求。[tran...
Second is may rest on the international law, runs amuck the international region regarding some pirate which and the dealing in narcotics crime rebels, may carry on the military force after the process consultation agreement to escort, looks like Chinese Navy to escort the Aden bay, guarantees ...
Finally, the need to define markets engenders a mistaken focus on cross-elasticities of demand for particular substitutes rather than on the market elasticity of demand, which further reduces the quality of resulting market power inferences. Although the inquiry is conceptual, brief remarks on legal ...
1. The powers of the courts are defined by law. 法庭的权力是由法律规定的。 2. Reason defines man. 理性是人的特点。 3. The mountain was clearly defined against the light of the eastern sky. 东方天空的光芒使那座山清晰地显露出来。 4. The mountain was clearly defined against the eastern ...
a我们应该欢迎越来越多的富人,但我们的法律必须确保他们是通过正当途径发财的 We should welcome more and more many rich people, but our law must guarantee them is gets rich through the right way [translate] a80% of manufacturer’s expenditure 80%制造商的开支 [translate] aFrom the view of ...
In the utility maximizing model, consumer preferences are assumed to be transitive. What does this mean? The law of diminishing marginal utility implies ___. What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? Explain why, if this rule does...
Clarity is an essential element of a meaningful message. Communication is effective when the message that it contains has essentials like clarity, conciseness, correctness, etc.Answer and Explanation: An effective communication process may get hindered when the message lacks clarity. The presence of ...