A. interest
B. dividends
C. increases in stocks of goods
D. retained earnings
A. have skills that are in relatively scarce supply
B. produce output for which there is great demand
C. usually have little capital with which to work
D. are usually highly paid
A. decrease the prosperity of the firm but increases the prosperity of the factors hired by the firm
B. decreases the prosperity of both the firms and the factors hired by the firm.
C. increases the prosperity of both the firm and the factors hired by the firm.
D. increases the prosperity of the firm but decreases the prosperity of the factors hired by the firm.
An increase in the demand for a firm’s output ? Read More »
Economics Mcqs, Production Factors A. an amount equal to the price of output times total output
B. the amount allocated by the political process
C. an equal of output
D. the value of its marginal product
A. a decrease in the number of apple pickers employed
B. an increase in the value of the marginal product of apple pickers
C. an increase in the price of apples
D. an increase in the wage of apple pickers
An increase in the demand for apples will cause all but which of the following ? Read More »
Economics Mcqs, Production Factors A. decrease the value of the marginal product of fishermen reduces their wage, and reduces employment in the fishing industry
B. increase the value of the marginal product of fishermen increase their wage, and increase employment in the fishing industry.
C. decrease the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry
D. increase the value of the marginal product of fishermen increase their wage and decreases employment in the fishing industry
A decrease in the demand or fish ? Read More »
Economics Mcqs, Production Factors A. the price of the output times wage of labor
B. the price of the output times the marginal product of labor
C. none of these answers
D. the wage of labor times the quantity of labor
E. the wage of labor times the marginal product of labor
The value of the marginal product of labor is ? Read More »
Economics Mcqs, Production Factors A. labor, land, and capital
B. water, earth and knowledge
C. money, stocks and bonds.
D. management finance and marketing
The most important factors of production are ? Read More »
Economics Mcqs, Production Factors A. monopolistically competitive firms
B. a cartel
C. perfectly competitive firms
D. a monopoly.
In contestable markets large oligopolistic firms end up behaving like ? Read More »
Economics Mcqs, Profit Maximizing Under Perfect Competition And Monopoly A. entry to it and exit from it are both costless
B. entry to it and exit from it are both costly
C. entry to it costless, but exit from it is costless
D. entry to it is costly, but exit from it is costless
A market is defined as perfectly contestable if ? Read More »
Economics Mcqs, MCQs / Q&A