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
Give the answer of following question. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) demand may be either elastic or inelastic. C) an increase in price
In spite of of whether a firm is a pure monopoly or operates within a purely competitive industry as: (i) this should expect total revenue to cover total variable costs or this will not operate. (ii) the demand curve this faces will be horizontal in t
Imperfect data: Most studies start with imperfect data. Few datasets involve the entire population of interest. Typically, the data has been gathered by others for specific purposes, and as such may have built in b
This monopolistic competitor generates Q0 output and experiences: (1) only normal accounting profits, and zero economic profits. (2) positive economic profits. (3) high costs because of excessive managerial salaries. (4) stagnation because
a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?
What happens to ATC if MC < ATC? Answer: ATC will down or fall.
When a profit-maximizing monopolist who does not price discriminate charges a price equal to its marginal cost, this will: (w) minimize average cost and generate zero economic profit. (x) minimize average cost and gen
The time people are willing and capable to work at different wage rates throughout a given period is termed as the: (1) supply of labor. (2) labor force participation rate. (3) marginal product of labor. (4) labor theory of value. Q : Total revenue and total cost for firm Total revenue for the firm in illustrated figure is __________ __________ total cost.: (w) greater than (x) less than (y) equal to (z) Cannot be determined by the information given. Q : Labor union and an unregulated public I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists.
Total revenue for the firm in illustrated figure is __________ __________ total cost.: (w) greater than (x) less than (y) equal to (z) Cannot be determined by the information given. Q : Labor union and an unregulated public I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists.
I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists.
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