Breaks even point
Hey friends I need your help to solve out this problem regarding to a purely competitive firm breaks even while: (w) MR = MC (x) TR = TC (y) MC > MR (z) TR > TC. Can someone suggest me the right answer for this query?
Hey friends I need your help to solve out this problem regarding to a purely competitive firm breaks even while: (w) MR = MC (x) TR = TC (y) MC > MR (z) TR > TC.
Can someone suggest me the right answer for this query?
When curve C reflects the long run supply curve for this industry as in illustrated figure, in that case the short-run supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.
Pure economic profits do not arise due to: (w) monopoly power. (x) capital owners’ receipts of normal accounting returns to investment. (y) risk and uncertainty. (z) entrepreneurial innovation. How can I solv
A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor
Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should
Price elasticities of demand tend to as: (i) fall as higher prices are charged. (ii) rise as higher prices are charged. (iii) almost always be constant. (iv) not be associated to the length of time. (v) not be influenced by price changes.
The problem of asymmetric information is that: A. neither health care buyers nor providers are well-informed. B. health care providers are well-informed, but buyers are not. C. the outcomes of many complex medical procedures cannot be predicted. D. insurance companies are well-informed but poli
Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.
The form of elasticity which economists commonly state like an absolute value since this is classically negative is the: (1) price elasticity of supply. (2) income elasticity of demand. (3) price-cross elasticity of supply. (4) price-
When the last unit produced and sold adds $100 to revenue of a firm and $75 to its costs, this will: (a) increase output to increase profit. (b) reduce output to increase profit. (c) maintain similar level of output to maximize profit. (d) shut down. Q : Exploitation-Competitive Markets The The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor
The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor
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