Economic profit generating purely competitive firm
In this illustrated figure in below the only purely competitive firm currently generating economic profit is in: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. Hello guys I want your advice. Please recommend some views for above Economics problems.
In this illustrated figure in below the only purely competitive firm currently generating economic profit is in: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D.
Hello guys I want your advice. Please recommend some views for above Economics problems.
I have a problem in economics on Total value of the corporation’s stock. Please help me in the following question. Targeting for the hostile takeover is general whenever a firm has assets which are worth: (1) More than the net value of corporati
Increasing the price of a product will raise total revenue proportionally into the unlikely event which demand was: (1) perfectly price elastic. (2) relatively price elastic. (3) unitarily price elastic. (4) relatively price inelastic (5) perfectly price inelastic.
Can someone please help me in finding out the precise answer from the following question. John Kenneth Galbraith states that the big corporations: (i) Affects economic activity merely trivially. (ii) Have rigorously curbed the market competition. (iii) Employ resource
Equilibrium price: The Equilibrium price refers to a price at which the market demand and market supply are equivalent.
Assume that an existing apartment complicated is predicted to generate a consistent net of $1,250,000 cash flow per year into rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When th
A successful strategy of product differentiation causes: (w) the demand curve to shrink and become more elastic. (x) the demand curve becomes perfectly elastic. (y) prices for close substitutes to equalize. (z) the marginal revenue curve to be below t
When most firms in a competitive industry experience economic profits, in that case long run competitive pressures tend to cause: (w) greater economic profits. (x) prices to decrease as firms enter the industry. (y) industry output to fall. (z) severa
The Craft unions generally keep the wages of their members over the competitive level by: (1) Limiting competition among firms in product market. (2) Rising competition between firms in the product market. (3) Rising the supply of the labor in craft.
The fundamental economic question for that answers are most likely to be different greatly across the populace and be most heavily based upon value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods so
Production which generates negative externalities: (w) would lead to underproduction and overpricing of goods. (x) increases producers’ costs of production. (y) increases consumers cost of purchasing the good. (z) would cause the market price of
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