Changes in total revenue by price falls
When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?
When the world price for wheat is $10 per bushel; and Del, who one owns the biggest wheat farm into North Dakota, will: (w) face a demand curve that is perfectly price elastic at $10 per bushel. (x) realize $4 per bushel in long-run economic profits.
The supply of loanable funds changes positively along with the: (w) willingness of people to defer consumption in the future. (x) profitability and productivity of new capital investments. (y) price of the output about new capital will produce. (z) fu
Decreased market demand for generic 2×4s as in illustrated graph would result within a(n) ___________ into the price of 2×4s as well as a(n) ___________ in this lumber mill’s profit-maximizing output. (w) increase; decrease. (x) incr
The purely competitive firm in the output market which hires from a purely competitive labor market will employ the labor at the point where VMP = W as the firm: (i) Operates in society's best interest. (ii) Wants to be quite fair to workers. (iii) Is egalitarian inst
When this firm is typical into this purely-competitive of constant-cost industry, as in demonstrated figure in long-run equilibrium for cranberries will be attained at a market price of: (i) P1. (ii) P2. (iii) P<
Disparities into the relative distributions of two variables can be demonstrated with: (w) Lorenz curves. (x) Friedman curves. (y) Engels curves. (z) Sowell curves. I need a good answer on the topic of Econ
One complicated result of successful product differentiation: (1) the demand curve shrinks making this more elastic. (2) the demand curve becomes perfectly elastic. (3) prices do not vary considerably between close substitutes. (4) each marginal reven
Household’s demand for a poorer good tends to fall if: (1) Supplies of complementary goods increase. (2) Prices of alternate goods increase. (3) Family income rises. (4) Its own price drops/falls. Can someone
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
The summation of monopolistic exploitation across all the workers tends to raise however a firm as well operates at a more communally and economically proficient level of output and employment whenever the firm is capable to engage in: (i) Black-listing in its dealing
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