--%>
Assignment Help - homework help

Generate additional unit of output

Assume that a firm has some market power but cannot price discriminate. The change in total revenue while the firm generates an additional unit of output is: (i) a downward-sloping curve below the demand curve. (ii) zero when demand is price elastic. (iii) a downward-sloping curve above the demand curve. (iv) similar as for a perfectly competitive firm. (v) a horizontal line.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Problem on Competitive Equilibrium When

    When a purely competitive firm functions in a competitive resource markets in short run then the firm: (i) Confronts an inelastic supply curve for the output. (ii) Purchases inputs till the net cost of inputs equivalents the net value of outputs. (iii

    		•
  • Q : Implicitly weigh marginal cost and

    implicitly weigh marginal cost and marginal benefit

    		•
  • Q : Long-run In the long-run, an increase

    In the long-run, an increase in consumer desire for strawberries is most likely to:

    		•
  • Q : Change in response in determinants of

    In short run, the demand for mink coats is least probable to change in response to: (i) Development of the petroleum based faux fur fabric which can’t be differentiated from genuine mink except via DNA analysis. (ii) Armies of a

    		•
  • Q : Market Power-Monopsony Power- Output

    Assume that a firm with market power in the output market wants to develop and that hiring more workers needs it to raise salaries 8 percent for all the workers. Output prices will most likely: (w) Increase 8 percent to cover the wage rise. (x) Increase less than 8 pe

    		•
  • Q : Nominal wages If the nominal wages of

    If the nominal wages of carpenters rose by 5 percent in the year of 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. B) increased by 2 percent. C) increased by 3 percent. D) increased by 8 percent.

    		•
  • Q : Factors affecting the demand curve of

    Can someone help me in finding out the right answer from the given options. Among the factors influencing the demand curve for lime flavored Doritos is the: (i) Supply of lime-flavored Doritos. (ii) . Income of snack lovers. (iii) Production costs for the Doritos (iv)

    		•
  • Q : Proprietorships-partnerships and

    The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on: A) generally accepted accounting principles. B) legal considerations. C) the judg-ment of the American Economic Association. D) an executive order of th

    		•
  • Q : Approximate unitary price elasticity of

    St. Valentine’s Day software is currently going addicted to version 6.0. The level of output consequent to the point where demand has unitary price elasticity is approximately: (i) 4 million copies. (ii) 6 million copies. (iii) 9 million copies.

    		•
  • Q : Short-run equilibrium of

    A purely-competitive, short-run equilibrium does NOT need which each firm: (w) produces where MC = MR = P > min(AVC). (x) experiences no excess demand or excess supply. (y) earns only zero economic profit. (z) adjust output hence m

    		•