Cost which is zero
Which cost might there if output is zero? Answer: Fixed cost
Which cost might there if output is zero?
Answer: Fixed cost
The ratio of the area among the diagonal line of perfect equality and the Lorenz curve to the total area in the diagonal is the: (1) poverty index. (2) human capital coefficient. (3) needs coefficient. (4) negative-tax index. (5) Gini index.
The chronological time needed for the technology to respond to modifications in profit opportunities (that is, the technological long run, also termed as super long run or temporal long run) is: (1) Longer than analytical long run for firm. (2) Shorter than market per
When a monopolist reaches equilibrium: (1) its profits are at a maximum. (2) price equals marginal cost. (3) average cost is at its minimum. (4) marginal cost is at a minimum. Can someone explain/help me with best solution about pr
When you lease a building for five years and rapidly achieve economic profits since it is located conveniently for potential customers: (1) you could capitalize some of these pure profits when you sold your business along with a sublease at the ending
Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.
The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4. Q : Type of model used by economists Which Which type of model is used by the economists to analyze competitive market?
Which type of model is used by the economists to analyze competitive market?
A monopolist who does not price discriminate, that is: (w) cannot maximize profit by producing where demand is unitarily elastic. (x) will maximize profit where demand is unitarily elastic when all costs are fixed. (y) will maximize profit where deman
After adjusting income for taxes and transfers, affects that would be least responsible for the reducing percentages of the U.S. population classified like “middle relative income” from 1976 is probably: (
geomeric method to measure elasticity of supply
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