Greatest total revenue at price
In the demonstrated figure, total revenue is greatest for cheesy fried grits of Pixie at a price of as: (w) P1. (x) P2. (y) P3. (z) P4. Can someone explain/help me with best solution about problem of Economics...
In the demonstrated figure, total revenue is greatest for cheesy fried grits of Pixie at a price of as: (w) P1. (x) P2. (y) P3. (z) P4.
Can someone explain/help me with best solution about problem of Economics...
For Cournot’s Spring Water the demand has unitary price elasticity at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e. Q : Problem regarding to intermediation for Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S
Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S
To drive rivals by a market but ignore losses incurred by predatory pricing, a firm could: (w) cut price below costs but continue to sell similar amount of output. (x) set price equal to average costs, removing incentives for other firms to reenter th
These supply and demand curves within the sugar market specify that: (w) a price floor of P0 for sugar will cause a surplus. (x) a price ceiling of P2 will cause a shortage. (y) the market clears while quantity equals Q0
The firm's objective within price discrimination is to: (w) make the community better off economically. (x) make several consumers better off economically. (y) increase revenue and profit. (z) minimize average cost. Q : Effect on total revenue by raises price A price raise from $6 to $8 would effect in: (1) a decrease in total revenue. (2) an increase in total revenue. (3) no change in total revenue. (4) consumers buying more pizza. (5) pizza parlors selling more pizza.
A price raise from $6 to $8 would effect in: (1) a decrease in total revenue. (2) an increase in total revenue. (3) no change in total revenue. (4) consumers buying more pizza. (5) pizza parlors selling more pizza.
Perfectly equal distributions of income or wealth are reflected within the Lorenz curve demonstrated as: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'. (v) line 0E0'. Q : Problem based on GDP Assume nominal GDP Assume nominal GDP in the year of 2002 was $100 billion and in the year of 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by: A) 160 percent. B) 44 percent. C) 37 percent. D) 1
Assume nominal GDP in the year of 2002 was $100 billion and in the year of 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by: A) 160 percent. B) 44 percent. C) 37 percent. D) 1
Average variable costs per generic 2×4 of this pure competitor’s equal roughly: (w) $0.20 (20¢ per 2×4). (x) $1.00 per 2×4. (y) $1.70 per 2×4. (z) $2.10 per 2×4. Q : Fixed costs of a purely competitive firm The fixed costs of a purely competitive firm are: (w) incurred within the short run even if no output is produced. (x) wage payments and raw materials costs. (y) the bulk of short run opportunity costs. (z) not found by earlier decisions.
The fixed costs of a purely competitive firm are: (w) incurred within the short run even if no output is produced. (x) wage payments and raw materials costs. (y) the bulk of short run opportunity costs. (z) not found by earlier decisions.
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