Fixed cost in long run
Can there be certain fixed cost in long run? If not why? Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed input in long run.
Can there be certain fixed cost in long run? If not why?
Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed input in long run.
Can someone please help me in finding out the accurate answer from the following question. Lauren, a solitaire addict, is eager to spend up to $2 for a new deck of cards. For Lauren, $2 is: (i) Market price for the deck of cards (ii) Demand price for deck of cards. (i
Decision processes within households, and government and firms and the consequences of such decisions are initially the focus of: (1) positive economics. (2) public choice economics. (3) microeconomics. (4) normative economics. (5) microeconomics.
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: (i) Monopsonist. (ii) Plutocracy. (iii) Bilateral monopolist. (iv) Price discriminator.
The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the
The difference among the price a consumer would have been eager to pay for the commodity and the price consumer really has to pay is termed as: (i) Gain. (ii) The substitution effect. (iii) The income effect. (iv) Consumer surplus.
A monopolist, who does not price discriminate, cannot maximize profits through producing where demand is: (w) price elastic. (x) price inelastic. (y) above marginal cost. (z) above marginal revenue. Hey friends ple
Can someone help me in finding out the right answer from the given options. When the average production costs rise as the total production of a firm rises, the firm is experiencing: (1) economies of scale. (2) Economies of scope. (3) Diseconomies of scope. (4) Disecon
Relative to the resource demands from purely competitive sellers, demands through imperfectly competitive firms for resources tend to: (1) Perfectly price elastic. (2) Upward sloping. (3) Backward bending. (4) Less price elastic. (5) Perfectly price inelastic.
Microeconomic analysis is more attached than macroeconomics along with the: (1) banking and monetary systems. (2) rates of joblessness and inflation. (3) inequity caused by main depressions. (4) rate of economic development. (5) decis
What supply curve illustrates?
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