Is cotton textile is macroeconomic or microeconomic
Is the study of cotton textile business a macroeconomic or a microeconomic study? Answer: The study of cotton textile business is a microeconomic study.
Is the study of cotton textile business a macroeconomic or a microeconomic study?
Answer: The study of cotton textile business is a microeconomic study.
A competitive industry is in long-run equilibrium only after: (w) net pressure for entry or exit is zero. (x) each firm produces to its capacity. (y) owners reap all the profits they desire. (z) union bosses and firm managers reach mutual agreements.<
I have a problem in economics on Production Possibilities Frontiers. Please help me in determining the right answer from the following question. The economy’s capacity to generate/make is NOT limited by the: (i) Amount of resources accessible. (
It is not possible for a nondiscriminating, that profit maximizing monopolist to attain equilibrium where MR = MC as well as: (w) economic profit = 0. (x) economic profit is negative. (yz marginal costs are at the minimum of average costs [MC = ATC].
When any truly existed, then perfectly inelastic demand curves would include: (i) price elasticities of infinity and be horizontal. (ii) zero elasticity and be horizontal. (iii) a slope of one. (iv) price elasticities of infinity and would be vertical
Total fixed costs for such profit-maximizing firm equivalent: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Can't be measured in illustrated figure. 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
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
When curve C reflects the long run supply curve as in demonstrated figure for this industry, in that case this is a/an: (w) decreasing cost industry. (x) increasing cost industry. (y) constant cost industry. (z) diseconomies of scale industry.
A firm which realizes an economic profit in the short run will carry on generating economic profits in the long run only when: (i) it maximizes economic revenue. (ii) barriers to entry prevent entry from rival firms. (iii) its managers minimize princi
Long-run supply curve of a purely competitive industry has a slope which is: (w) negative to offset the positive slope of each firm’s short-run supply. (x) positive to reflect the positive slope of each firm’s short-run supply. (y) depende
A monopolist maximizes its total revenue where marginal revenue: (1) is flat. (2) is rising. (3) is zero. (4) equals marginal cost. (5) is negative. Can someone explain/help me with best solution a
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