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can anyone explain APC and MPC as income increases
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3) It's B because in small market, small no. of labour would be higher and thus division of labour would not be possible.Hey, I have an economics doubt can anyone explain :
I thought the answer should be A but is B?
Thanks!
Thanks!3) It's B because in small market, small no. of labour would be higher and thus division of labour would not be possible.
4) Answer is C because A and B can never be possible in market mechanism to determine the price, where as in D, it also contradicts the concept of free market price determination because only those who have the money are able to attain the necessary goods at a particular price level determined by the forces of demand and supply; Neither consumer, nor producer can determine the price in free market economy, Adam smith said that.
OMG ITS D? I ANSWERED AN ECON MCQ QUESTION CORRECTLY!No the answer is D. But what is the price of equities?? is it the cost of investments or something??
i guess because firm X is being affected by an activity it wasn't involved in which is basically the definition of an externality...View attachment 38589
how is the answer C ?????
people would be willing to help if its an mcq not essay question(b) Discuss, using examples, whether cost-benefit analysis is an effective way of decision making when allocating an economy’s resources.
Please help me with this question.
Thanks in advamce
Guess will be posted here very soon. Keep watching this thread.
sure thing! watching it for quite a while nowGuess will be posted here very soon. Keep watching this thread.
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