Firms supply curve in short run
Describe firm’s supply curve in short run, operating in perfect competition? Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).
Describe firm’s supply curve in short run, operating in perfect competition?
Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).
An increase within investor optimism will cause: (w) interest rates to rise. (x) slower technology advances. (y) slumps in business construction. (z) interest rates to fall. Please choose the right answer from abov
The shift of the budget line from cd to ab in the below given figure is consistent with: 1) decreases in the prices of both M and N . 2) an increase in the price of M and a decrease in the price of N . 3) a decrease in money income. 4) an increase in money inc
The absolute value of price elasticity of demand is generally greater when there: (w) are fewer uses for the good. (x) is more time permitted for buyers to adjust. (y) are fewer substitutes for the good. (z) is a lower elasticity of s
Lower bond prices follow through higher: (w) interest rates. (x) real estate speculation. (y) present value of future income by the bonds. (z) growth rates of national income. Please choose the right answer from ab
Completing your degree is most probable to be a significant signal which will help you in securing a well-paid job with bright future when potential employers: (i) Want to make sure that job applicants have already acquired important amounts of precise human capital.
If a monopolist which does not price discriminate has maximum total revenue as: (1) demand is perfectly price elastic. (2) marginal revenue is positive. (3) demand is relatively inelastic (4) marginal revenue is
I have a problem in economics on equilibrium market price. Please help me in the following question. The equilibrium market price subsists only if: (1) Quantity demanded equivalents the quantity supplied. (2) Surpluses exceed the shortages. (3) Expert
After Babble-On’s patents lapsed and entry and exit turned into possible in this illustrated figure of market, in the long run Babble-On would be expected to: (i) continue to reap economic profits. (ii) break even and experience zero economic pr
A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P. Hello guys I want your advice. Please recommend some views for above Econo
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: (m) Monopsonist. (n) Plutocracy. (o) Bilateral monopolist. (p) Price discriminator. (q) Conglomerate.
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