Heterodox explanation
I can't discover the answer of this question based on heterodox explanation. Help me out to get through this question. What is the heterodox explanation of the social provisioning procedure?
Assume that P = MSB and the firms in an oligopoly are in equilibrium where P>MC. This follows that: (1) P=MSC. (2) MSB>MSC. (3) MSB<MSC. (4) oligopolists will gain zero economic profit. (5) the minimum point on the LRATC curve will achieved i
The economic good becomes an economic bad whenever consumption is expanded into an area where: (1) Sellers experience the moral hazard. (2) Marginal returns are diminishing. (3) Marginal utility is negative. (4) Buyers suffer from adverse choice. (5) Extreme cho
Different forms of capital account transactions: A) Private Transactions: There are transactions which affect the liabilities and assets of individuals. Q : Purely competitive firm in pure A purely competitive firm: (w) maximizes profits where MR=MC. (x) makes economic profits while its total revenue is greater than its total cost. (y) has no control over the price of its products. (z) all of the above. Q : Marginal cost curve in market power Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)
A purely competitive firm: (w) maximizes profits where MR=MC. (x) makes economic profits while its total revenue is greater than its total cost. (y) has no control over the price of its products. (z) all of the above. Q : Marginal cost curve in market power Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)
Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)
Not among main deficiencies of the current welfare system is which it sometimes: (w) gives low benefits to the poor relative to total budgetary outlays. (x) collects taxes from the poor to provide benefits to the rich. (y) yields effective marginal ta
The shift from D0 to D1 would be a probable outcome of: (i) An alter in the price of gasoline. (ii) Winter ending and summer coming, and hence more people take vacations. (iii) A reduction in the number miles driven. (iv) A rise in the cost of petroleum employed to ge
When Robomatic Corporation maximizes profit in its production of RoboMaids, its average production cost per robot will be roughly: (1) $3,000 per robot. (2) $5,000 per robot. (3) $7,000 per robot. (4) $9,000 per robot. (5) $11,000 per robot.
The market demands for automobiles are not rapidly and directly influenced by modifications in: (i) Income. (ii) Gasoline prices. (iii) Salaries paid to auto-workers. (iv) The number of legal drivers. (v) Preferences and tastes. Q : Legal barriers to entry in a market Governmentally-imposed obstacles to the entrance of new firms within a market are termed as: (1) regulatory barriers or legal barriers to entry. (2) strategic barriers to entry. (3) natural barriers to entry. (4) tax barriers to entry. (5) revenue blockades.
Governmentally-imposed obstacles to the entrance of new firms within a market are termed as: (1) regulatory barriers or legal barriers to entry. (2) strategic barriers to entry. (3) natural barriers to entry. (4) tax barriers to entry. (5) revenue blockades.
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