essay
why is marginal revenue product=marginal resource cost a formula for profit maximization?
The consumer who spends income and hence the ratio of MUs of all goods purchased equivalents the ratio of their prices is: (i) Maximizing net utility. (ii) Spending too much. (iii) Beyond the point of diminishing negative utility. (iv) Behaving incompatibly through pu
Consumers confronting huge arrays of choices whenever they contemplate choosing one brand of toothpaste out of 50, or whether to purchase pulp-free, not-from-concentrate orange juice, calcium-fortified, or the extra-pulp, non-calcified, from-concentrate version, frequ
When firms have market power although do not price discriminate perfectly, in that case the market equilibrium will be inefficient since: (w) P = AC = MC. (x) total revenue equals total costs [TR = TC]. (y) MSB = P > MC = MSC. (z)
Meaning of deflationary Gap: This is the gap among excess of aggregate supply over the aggregate demand at complete employment level.
Can someone help me in finding out the right answer from the given options. The corporation is least probable to secure funding for its operations by: (1) Acquiring its biggest competitor via a merger which consolidates its monopoly power. (2) Issuing the common stock
When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos
When economies of scale are persistent across the range of output which people might feasibly purchase, in that case: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) competi
This is untrue that a firm which is a pure monopoly: (1) commonly engages in extensive advertising to differentiate its products. (2) produces a level of output which is closer to socially optimal when this price discriminates. (3) is the sole produce
The fundamental reason for financial intermediary’s presence is to: (1) Facilitate beginning new business firms by employing internal financing. (2) Help business organizations comply with laws needing the financial intermediation. (3) Minimize
What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.
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