AFC curve
What does AFC curve appear like? Why does it appear so?
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AFC curve is downward sloping to the right. Since the output rises, the fixed cost gets distributed, that is, AFC downs or falls.
In which market form is the marginal and average revenue of a firm always equivalent? Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.
A monopoly tends to shut down within the short-run when: (i) price is less than the minimum of average total costs [ATC]. (ii) price cannot cover all overhead costs. (iii) variable costs are not covered. (iv) total costs exceed total revenues. (v) the
Relation between Average cost, aversge variable cost and Marginal cost: Q : Nonexistent market supply and power HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities
HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities
Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. Q : Stable negatively-sloped demand curve Assume that a monopolist face a stable negatively-sloped demand curve. Making more sales needs the monopolist to: (1) advertise its product. (2) decrease the price of the product. (3) lower its marginal revenue. (4) improve its technology. (5) increas
Assume that a monopolist face a stable negatively-sloped demand curve. Making more sales needs the monopolist to: (1) advertise its product. (2) decrease the price of the product. (3) lower its marginal revenue. (4) improve its technology. (5) increas
At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic. Q : Why production possibilities curve What is the reason that production possibilities curve concave? Elucidate.
What is the reason that production possibilities curve concave? Elucidate.
Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. Often, lots of Texans are romantics at heart. Total cost curve of Hybrid is below the demand curve this faces. At its output and equilibrium price, Hybrid will produce
An increase in consumer desire for strawberries is most likely to: increase the number of strawberry pickers needed by farmers. reduce the supply of strawberries. reduce the number of people willing to pick strawberries. reduce the need for strawberry pickers
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