Why does high compensation (wages) with little or no output from the worker is bad for the economy?    a. The internal justice is not satisfied.  b. The external justice is not satisfied.  c. The marginal productivity of labor does not equal the price.  d. It causes inflation.

Q: What are the features of monopoly market?

A: Monopoly is a market where there is single seller who sells unique product in the market and can dis...

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A: Answer: The price of gasoline changes rapidly if something interrupts the oil supply. But due to the...

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A: * SOLUTION :-    (10) Based on the given information the calculations are shown below.  

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A: Banning any product is not the ultimate solution to any of the issue because it will create a situat...

Q: Provide a brief description (1-2 sentences) of the lag effect.

A: The lag effect describes the time lag between the policy apply and the actual effect of the policy o...

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A: Answer-

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A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

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A: Ethics are referred to as those principles or rules which deal with the ethical and moral issues whi...

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A: Below is the diagram:

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A: Given: P=153-2Qd Price=TK85

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A: Here, it is given that the economy produces 100 units of good and 20 units of clothing at different ...

Q: In Monopoly at various output levels

A: To find : What is various output levels in monopoly. 

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A: The total abatement cost refers to the cost of reducing environmental damages such as pollution. It ...

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A: The Kuznets curve is a fictitious curve that depicts the link between income disparity and per capit...

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A: Introduction The market demand function has given as p = 10 - q so TR = p . q = (10 - q) q MR = 10 -...

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A: Introduction Its answer is a) In the diagram, it has clearly shown that initial equilibrium where de...

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A: Market structure, basically refers to the structure that classify different industries according to ...

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A: In one hour,Kelen can produce:1unit of wheat1unit of RiceChris can produce:2unit of Wheat3unit of Ri...

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A: There are many changes you can make to your home to increase its value. You may consider new landsca...

Q: . At the point of equilibrium of firm (under perfect competition)

A: To find : What happens at point of equilibrium of firm. 

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A: Players: { US, Iran} Strategy US= { PC BD, PC AS, PS BD, PS AS} Strategy Iran= {AC BD, NE BD, AC RE,...

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A: The number of steel type that is bascially manufactured by mechanix is given by the: Budget = (weigh...

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A: Social exclusion is a multi-faceted and complex process. This means lacking or being denied resource...

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A: Since you have posted multiple questions, as per answering guidelines, we are supposed to solve only...

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A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process. Ave...

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A: To find : Whether the statement is true or false. 

Q: What are the benefits of government setting and managing bank fees and rates?

A: Answer -

Q: protective measure, a quota is more effective than a tariff. B. A tariff seeks to discourage

A: To find : Whether the statement is true or false. 

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A: Loanable fund market shows the demand and supply factors affecting the funds availability in the mar...

Q: What are the Exclusions from CISG?

A: CISG stands for contracts for the international sale of goods. The CISG governs the contracts for th...

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A: Given  Price of beer (Pb)=$6 Price of pretzels (Pp)=$3 Pretzels are on x-axis and beer is on y axis....

Q: Why is well-functioning financial system is a critical ingredient in achieving long-run growth? It e...

A: Financial markets (such as those in which stocks or bonds are traded), securities (from bank CDs to ...

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A:

Q: TQM and Six Sigma why differed from japan to United States

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A:

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A: Given, With existing technology MAC = 12 - E   With new technology, MAC = 6 - 0.5E As we know that, ...

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A:

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A: When talking about perpetuity, it is gheform of investms that is generally meant for infinite time.p...

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A: Inflation rate refers to the percentage change in CPI of two years.

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A: The global race for environmental degradation is widely described as International for-profit compan...

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A: aggregate consumption determines aggregate saving, because saving is defined as the portion of incom...

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A: Answer -

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A: Capability's approach: This approach is given by Amartya Sen, according to this approach people will...

Q: Given, Q1 = (4437/32) - (P1/32) Q2 = (7961/35) - (P2/35) TC = 1045 + 12Q1 + 18Q2 Form the profit...

A: Since you have posted a ques with multiple subparts , I have solved the first one for you.

Q: PIX company is considering licensing a water treatment system. The company can purchase a one-year o...

A: Given, PIX Company is considering licensing a water treatment systemOne-year purchase : P150,000Lice...

Market Equilibrium and Failure

The economy of a country or any place depends on the market demand and market supply of goods and services.