essay
why is marginal revenue product=marginal resource cost a formula for profit maximization?
A firm which practices predatory pricing as: (w) tends to incur short-run losses greater than its rival. (x) lowers its price to drive out its rival and then keeps the price low to discourage extra entry. (y) will sell similar amount of output as when
With a specific market demand for the product and a specific market labor supply curve, the employment will be smallest if a firm is: (1) Monopolist in product market and a pure competitor in the labor market. (2) Pure competitor in labor and product markets. (3) Pure
Meaning of deflationary Gap: This is the gap among excess of aggregate supply over the aggregate demand at complete employment level.
Who decides price beneath perfect competition? Answer: Price under perfect competition is recognized by the forces of market demand and supply in business.
One who buys gold into London and after that sells that instantly in Boston for a higher price is: (1) monopolist. (2) capitalist. (3) speculator. (4) auctioneer. (5) arbitrageur. Can anybody suggest me the proper explanation for g
When you were unconcerned regarding the welfare of other people and your income placed you into the bottom five percent of the population, in that case you would be happiest when the Lorenz curve for your country resembled as: (1) line 0A0'. (2) line
Pure competition and monopolistic competition are: (1) polar opposites on the continuum of market structures. (2) the two market structures in that firms are pure quantity adjusters. (3) both characterized by an absence of barriers to long run entry a
If marginal social cost (MSC) equivalents marginal social benefit (MSB) as: (i) no injurious pollutants are being pumped within the environment. (ii) consumers enjoy more surplus than do producers. (iii) producers surplus is minimized
I have a problem in economics on Implicit and explicit economic costs. Please help me in the following question. The Economic profit is the difference among total revenue and: (i) The sum of explicit and implicit economic costs. (ii) Accounting cost. (iii) Variable co
Relationship between MPS and multiplier:K=1/1-MPC = 1/MPS or inverse relationship between MPS and the size of multiplier.
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