law of demand
is price in the law of demand an absolute or relative price
A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max
The non discriminating firm with monopsony power in labor market confronts the: (1) Wage rate which consistently surpasses the marginal revenue. (2) MRP less than w. (3) MFC which surpasses w. (4) Monopolistic seller of firm's output. (5) MRP more tha
The change within a firm’s dollar receipts from sales when this produces and sells one additional unit of output is termed as: (w) price. (x) marginal revenue. (y) average revenue. (z) contribution to overhead. Can anybody su
Market demand curve for the Hormel’s canned Spam [that is, a processed pork product which is an inferior good for most of the people], would shift rightward as the effect of major increases in: (i) Publicity regarding high correlations among hea
Economic rents which can be capitalized are least possible to arise by: (1) production cost advantages. (2) proprietary knowledge. (3) being first to market a differentiable new product or to innovate a new production technology. (4) a vigorously comp
Can someone please help me in finding out the accurate answer from the following question. The firm which is the sole buyer of a specific good or resource is the: (1) Monopsonist. (2) Conglomerate. (3) Price discriminator. (4) Plutocracy. (5) Bilateral monopolist.
The average prices for many goods tend to drop when Wal-Mart opens a store in the new market area. Such price cuts are most probable to yield rises in the average: (1) Economic gains of local restaurants. (2) Accounting Gains of local stores operated by the Sears, K-M
‘State the economic arguments on whether big cities which have congested roads must charge a road tax?’
Within the limit pricing model of strategic behavior, there the demand curve facing a new entrant will be: (w) horizontal. (x) the difference between industry demand and incumbent sales at each price. (y) the difference between the new entrant's outpu
In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (p) P and MR. (q) P and MC. (iii) Total revenue and net cost per unit of output. (r) Output price and rate of monopsonistic exploitation. (s) VMP and MRP.
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