--%>
Assignment Help - homework help

Define cost

Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.

   Related Questions in Microeconomics

  • Q : Average variable costs with marginal

    All profit maximizing firms which are not shut down since demand never exceeds average variable costs will make where marginal revenue as: (w) excludes average revenue. (x) equals average variable cost. (y) equals mar

    		•
  • Q : Help For a monopsonist in the labor

    For a monopsonist in the labor market, the marginal resource cost of labor is:

    		•
  • Q : Production falls and price of demand

    A candy factory generated 5.2 million packages of gummy worms in this year as well as sold them for $1.27 all. Last year this sold 4.7 million packages of gummy worms of $1.36 all. Such firm’s gummy worms have price elasticity of demand roughly

    		•
  • Q : Best society according to Utilitarianism

    Utilitarianism states that the best society is one which gives the: (1) Essential goods to meet people’s requirements. (2) Biggest happiness for the greatest number of people. (3) Precise measurement of disutility and utility. (4) Highest guaran

    		•
  • Q : Socially optimal output in perfectly

    Assume that no externalities in production or consumption exist and the income distribution is universally viewed such as “fair.” When this firm could price discriminate perfectly, one condition for socially optimal output would be for: (i

    		•
  • Q : Example of price elasticity of demand

    When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price

    		•
  • Q : Power of monopsonist I have a problem

    I have a problem in economics on Power of monopsonist. Please help me in the given question. The firm which is the sole buyer of a specific good or resource is a: (i) Monopsonist. (ii) Plutocracy. (iii) Bilateral monopolist. (iv) Price discriminator.

    		•
  • Q : Price floors with government purchases

    Suppose the U.S. wheat market is primarily in a stable equilibrium upon S0D0. Assume now that the government institutes a legal price floor at P3 per bushel of wheat. When the government will buy and store any resulting surplus

    		•
  • Q : Break even income by marginal tax rate

    A marginal tax rate of 30 percent and income floor of $6,000 yields a break even income of: (w) $20,000 (x) $1,800 (y) $4,200 (z) $7,800 Hey friends please give your opinion for the problem of

  • Q : Production by a strategy of extensive

    Fakery is a pretentious start-up firm within the monopolistically-competitive costume jewellery industry. But Fakery is most probable to try to gain control over pricing whereas limiting its production by a strategy of: (1) lobbying C

    		•