Long run and short run costs
I have difficulty in this question. Provide me correct solution of this to submit my assignment. What is the relationship among long run and short run costs?
Can someone please help me in finding out the accurate answer from the following question. The restrictive work rules which need firms to employ more workers than required are termed as: (1) Feather-bedding. (2) Seniority contracts. (3) Blacklisting regulations. (4) A
Chose the right answer from the following . The marginal benefit curve is: 1) upsloping because of increasing marginal opportunity costs. 2) upsloping because successive units of a specific product yield less and less extra benefit. 3) downsloping because of increasin
The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2. Q : Price increment in elasticity A price A price hike $4 to $5 per slice of pizza because of total revenue to: (w) fall. (x) remain constant. (y) rise. (z) this is not possible to tell from such data. Q : Cumulative Effect What do you mean by What do you mean by the term Cumulative Effect?
A price hike $4 to $5 per slice of pizza because of total revenue to: (w) fall. (x) remain constant. (y) rise. (z) this is not possible to tell from such data. Q : Cumulative Effect What do you mean by What do you mean by the term Cumulative Effect?
What do you mean by the term Cumulative Effect?
Precise equality of income distribution is demonstrated by: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'. Q : Total fixed cost Total fixed cost: 1. Total fixed cost: 1. Fixed cost remains constant at each level of output ie it do not change with change in quantity.2. It can not be zero when output is zero.3. Its curve is parallel to X-aixs4.
Total fixed cost: 1. Fixed cost remains constant at each level of output ie it do not change with change in quantity.2. It can not be zero when output is zero.3. Its curve is parallel to X-aixs4.
A competitive firm will demand more labor when: (1) technological advances favor automation. (2) the price of the firm's output rises. (3) more firms enter the industry. (4) the value of the marginal product is below the wage rate. (5) workers utilize
Marginal revenue is not below the market price by the perspectives of simply: (i) monopolistic competitors. (ii) monopolists. (iii) cartel members. (iv) pure oligopolists. (v) pure competitors. Can
Siberian Software vends custom programs to the multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberian’s programmers produce a marginal revenue product equivalent to around: (i) $21 per hour. (ii) $25 per hour. (iii) $
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