Area above supply curve of resource
The area above a resource’s supply curve although below its price is a pure: (w) economic rent. (x) consumer surplus. (y) capitalization. (z) monopoly profit. Please choose the right answer from above...I want your suggestion for the same.
The area above a resource’s supply curve although below its price is a pure: (w) economic rent. (x) consumer surplus. (y) capitalization. (z) monopoly profit.
Please choose the right answer from above...I want your suggestion for the same.
Declines within the international price of oil would be probably to cause the: (w) wages of bicycle factory workers to raise. (x) demand for automobiles to decrease. (y) incomes of geologists and petroleum engineers to fall. (z) price of home insulati
the setting of a price ceiling below the equililbrium level will
Financial intermediation is a process wherein financial institutions: (w) incur substantial outflows of funds. (x) facilitate financial flows by eventual lenders to eventual borrowers. (y) face rigid reserve requirement ratios. (z) experience "runs" w
If LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total revenue equals the area of the rectangle as: (i) 0P2fq4. (ii) bdP4P1. (iii) 0P4dq2
A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost. Q : Measurement of cross-elasticity of The cross-elasticity of demand measures as: (1) the changes in quantities sold when the price of related good changes. (2) changes within the prices of substitute goods. (3) changes within the prices of complementary goods. (4) how quantities sold cha
The cross-elasticity of demand measures as: (1) the changes in quantities sold when the price of related good changes. (2) changes within the prices of substitute goods. (3) changes within the prices of complementary goods. (4) how quantities sold cha
In the long run: (i) purely competitive firms make zero economic profits. (ii) monopolistically competitive firms make zero economic profits. (iii) effective barriers to entry may permit economic profits. (iv) oligopolists and monopolists may realize
The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4. Q : Demand curve when taxes shifted forward Taxes will be shifted forward completely when supply is positively sloped as well as the demand curve is, there contrary to economic reasoning: (1) perfectly inelastic. (2) perfectly elastic. (3) unitarily elastic. (4) flatter than supply.
Taxes will be shifted forward completely when supply is positively sloped as well as the demand curve is, there contrary to economic reasoning: (1) perfectly inelastic. (2) perfectly elastic. (3) unitarily elastic. (4) flatter than supply.
When MR exceeds both marginal costs and average variable costs at the recent rate of production, in that case a profit-maximizing firm will: (w) increase output. (x) decrease output. (y) have no incentive to change output. (z) be maximizing profits.
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