Economically non–viable industry
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
What happened when demand and supply curve do not intersect with each other?
Answer: The outcome is: Economically non–viable industry.
Economic rent is: (w) income received by a factor owner in excess of the social opportunity cost of supplying the resource. (x) the difference between a firm’s revenues and the sum of the fixed and variable costs of production. (y) a form of eco
The Outlaw Scooter Club bought 170 motor scooters while the price was $875 every, but ordered only 30 while the price soared to $2,125. Then for scooters group's price elasticity of demand is: (i) 0.42. (ii) 3.36. (iii) 0.84. (iv) 1.68. (v) 4.20.
Increases within market interest rates are probably to be related with: (1) people’s increasing desires for vast “nest eggs” for security while they retire. (2) bursting a speculative bubble into prices for hi-tech stocks. (3) increa
The fact that a firm along with market power adjusts output depending upon both cost conditions and the features of the market demand curve means that: (w) the amount which a monopolist produces tends to be more volatile than the outp
Firms which operate numerous plants that produce similar good are: (i) Vertically integrated. (ii) Generating leakages in circular flow. (iii) Proprietorships. (iv) Horizontally integrated. Can someone please help me in finding out
Unlike firms along with substantial market power, price takers: (w) control the prices of purchases or sales, but not their quality. (x) have no choice but to accept the prevailing market price. (y) adjust output and price to maximize profit. (z) are
Define aggregate demand: Aggregate demand is stated as the money value of total goods and services demanded by an economy throughout a particular period.
Tell answer of this question.Refer to the following data for a nondiscriminating monopolist. At its profit-maximizing output, this firm will be operating in the: 1) perfectly elastic portion of its demand curve. 2) perfectly inelastic portion of its demand curve. 3)
Can someone help me in finding out the right answer from the given options. Imperfect competition in the product markets outcomes in: (i) Less labor hired than when product markets were competitive. (ii) Above the equilibrium wages being paid by the monopolists. (iii)
Can someone please help me in finding out the most accurate answer from the following question. The Economic profit equivalents: (1) Accounting profit minus the implicit costs. (2) Normal profit. (3) Net revenue minus the implicit costs. (4) Net revenue minus the expl
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