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.
Production function: This refers to the functional relationship among inputs and outputs.
According to Joseph A. Schumpeter as: (1) refined and popularized the idea that profits derive by innovation. (2) perceived profits as rewards for bearing uncertainty. (3) believed which monopoly firms are so inefficient which none fully realize their
Which of the give predatory strategies is illegal: (w) Redesigning an existing product to make this incompatible along with a rival's product. (x) Introduction of a close substitute to a rival's product. (y) Pricing below cost into order to force riva
In economics, what is ordinal utility and what are its assumptions
Name the additional facility that the businessman acquires in the current deposit account of bank. Answer: The businessman acquires the facility of overdraft (that
Why the indifference curve is convex to origin?
Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter
In the United States, wealth appears to be: (1) more equitably distributed than income tax burdens. (2) less equally distributed than income. (3) distributed much more equally than in communist countries. (4) weak in generating income for wealthy indi
A firm along with important market power which builds an additional plant to increase excess capacity may be trying to as: (w) ignore a depletion of inventory. (x) deter entry from potential competitors. (y) increase demand and thus raise price and pr
When a household consumes just x and y, a higher price of y and the stable price of x will make: (i) All goods cheaper relative to the x. (ii) x cheaper relative to the y. (iii) Real family income grow. (iv) Substitution against x the more desirable. Discover Q & A Leading Solution Library Avail More Than 1458576 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1926475 Asked 3,689 Active Tutors 1458576 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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