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
I have a problem in economics on monopsonistic exploitation. Please help me in the following question. The Labor union contracts, an analogous worth rule or the minimum wage laws might boost equilibrium employment when a firm has been practicing: (1)
Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the common people at a reasonable price. In India the go
Identify and explain the main economic factors that determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
Can someone please help me in finding out the accurate answer from the following question. The value of marginal product of the variable resource is its marginal product multiplied by: (1) The marginal revenue from sale of its addition to the output. (2) The price of
I have a problem in economics on Existence of Diseconomies. Please help me in the following question. Diseconomies of the scale exist if: (1) Price reduces as more units are sold. (2) Total costs reduction as output raise. (3) Average costs raise as output rises. (4)
How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
Since longer time intervals are considered, then demands and supplies of most of the goods become: (i) Increasingly independent. (ii) Less subject to the adjustments through buyers and sellers. (iii) Flatter (that is, quantities adjust more fully to p
A price elasticity of demand coefficient of 2.5 approximately implies that: (1) quantity demanded rises 1 percent while price rises 2.5 percent. (2) quantity demanded grows 2.5 percent along with a 1 percent price cut. (3) price rises 2.5 percent whil
The demand curve for physical capital: (1) does not depend on the amount of labor available. (2) generates a supply of loanable funds to finance new investment. (3) depends onto the marginal productivity of capital. (4) is exactly parallel to the amou
The price elasticity of demand is approximately measured as the absolute value of as: (1) (% change in Q) / (% change in Y). (2) ratio of the slopes of demand relative to supply. (3) (% change in Q) / (% change in P). (4) constant slo
18,76,764
1924905 Asked
3,689
Active Tutors
1450625
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!