15)Expand MRS.
16)Define Marginal Revenue.
17)What is price floor?
18)What is monopoly? 19)What do you mean by final good.
20)Write the meaning of autonomous consumption.
21)Give the meaning of progressive tax. 22)What is balance of trade?
pls guys need all ths question answer it emergency ☺️✌☺️
Answers
Answer:
15)Mrs originated as a contraction of the honorific Mistress
16)Marginal revenue is a central concept in microeconomics that describes the additional total revenue generated by increasing product sales by 1 unit.
17)A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective
18)the control of an industry or service by only one company; a type of goods or a service that is controlled in this way
19)A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike intermediate goods which is utilized to produce other goods. ... They are distinct from raw materials but include both intermediate goods and final goods.
20)Autonomous consumption is defined as the expenditures that consumers must make even when they have no disposable income. Certain goods need to be purchased, regardless of how much income or money a consumer has in their possession at any given time.
21)a tax in which the rate of tax is higher on larger amounts of money: In a progressive tax system, rich people pay a higher percentage of their income as taxes than do poor people.
22)the difference in value between the amount that a country buys from other countries (imports) and the amount that it sells to them (exports)
I have written all the answers so
please mark this answer as brainliest
Explanation:
15)Expand MRS.
16)Define Marginal Revenue.
17)What is price floor?
18)What is monopoly? 19)What do you mean by final good.
20)Write the meaning of autonomous consumption.
21)Give the meaning of progressive tax. 22)What is balance of trade?
pls guys need all ths question answer it emergency ☺️✌☺️
