The cost elasticity of supply is a useful instrument for ...
The cost elasticity of supply is a useful instrument for measuring
Profit
Productivity
National income
Price index
Correct answer is B
The price/cost elasticity of supply measures the degree to which a change in price would affect the quantity of goods the producer is willing to produce and supply.
Output (units) 50 60 70 80 90 Total revenue (TR) $ 8...
Economics may be defined as? ...
Choice involves opportunity cost because ...
In a joint stock company, preference shareholders are those who receive ...
One of the ways by which the government can speed up economic development is through the ...
A persistent rise in the prices of inputs will lead to ...
In the long run a firm will leave an industry if price ...
A major disadvantage of a socialist economy is that ...
When the demand for foreign exchange exceeds its supply, the value of the domestic currency ...