Which of the following products is typically a wife-dominant purchase? a. food processor b. furniture c. apartment d. auto insurance CONSUMPTION Consumption refers to the use of goods and services by individuals to derive satisfaction. Consumpti...
Good Institution: A good institution following the definition must support the growth of an individual or the country's citizens and support economic performance and sustainability. Good institutions result in sustainable long-term economic ...
Which of the following is true of the holiday camp?___A: It is free of charge.B: It A.A. It is free of charg B.B. It lasts 12 days. C.C. It is organized by Broughton. D.D. It attaches little importance to ecology. 点击查看答案 第2题 Goods that are not excludable are ...
Bitcoin Hurdles: the Public Goods Costs of Securing a Decentralized Seigniorage Network which Incentivizes Alternatives and Centralization By Tim Swanson1 Revised: April 9, 2014 Abstract Bitcoin has provided a creative way to solve several long-standing problems in computer science yet despite its ...
Which of the following statements is correct? a. When marginal product rises, marginal cost must also rise. b. Marginal cost is the price or cost of an extra variable input (for example, an additional worker or machine) divided by its marginal product. ...
d) Demand {eq}= {/eq} marginal revenue {eq}> {/eq} average revenue. Question: Which of the following statements regarding a price-taking firm is correct? a) Demand {eq}= {/eq} price {eq}= {/eq} average revenue {eq}= {/eq} marginal revenue. ...
Goods are said to be excludable if consumers who have not paid for them can be prevented from accessing the items. An example of excludable good is... Learn more about this topic: Goods & Services | Definition, Differences & Examples ...
Which of the following items would most likely have the highest total utility? a. lava. b. water. c. emeralds. d. steel. Total and Marginal Utility: Utility is a measure of the amount of satisfaction or happiness that someone receives. Total uti...
Answer to: Which of the following is infrastructure? a. Police b. Training and education c. Highways d. All of the above answers are correct. By...
GNP stands for gross national product. It is a measure of total value of all goods and services being produced by residents of a country, in a given period of time.Answer and Explanation: The following statement is untrue regarding gross national product: 2. GNP include goods ...