Marginal and average revenue-market form
In which market form is the marginal and average revenue of a firm always equivalent? Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.
In which market form is the marginal and average revenue of a firm always equivalent?
Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.
The price elasticity of demand equals one when this firm produces where total revenue is: (i) $72,000 per period. (ii) $80,000 per period. (iii) $96,000 per period. (iv) $100,000 per period. (v) $144,000 per period. Q : Effects of Imperfect information Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c
Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c
Economically, the labor unions can be thought of as the: (i) encouraging competition between the workers for jobs. (ii) Rising the flexibility of nominal wages. (iii) Attempts to cartelize and unite the individual sellers of labor. (iv) Having a goal of the minimum un
When increased demand causes the price of main beluga caviar to climb from $2750 to $3250 per pound and consequently world production rises from 24 to 40 tons yearly, its caviar has a price elasticity of supply approx
In the quintile distribution of income, the term "quintile" represents
I have a problem in economics on Synonym for the economist’s term utility. Please help me in the following question. The reasonably close by synonym for the economist’s term utility is: (1) Consumption. (2) Marginalism. (3) Discontentment. (4) Satisfaction
At each possible output level, there a purely competitive firm’s marginal revenue curve is: (w) above its demand curve. (x) below its demand curve. (y) identical along with its demand curve. (z) steeper than its demand curve. Q : Gini Coefficient in Loren Curve A Gini A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B. (y) area C minus [area A + area B]. (z) [area A] / [area A + area B]. Q : Perfectly inelastic demand problem When When will an augment in supply entail a raise in price however no change in quantity?
A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B. (y) area C minus [area A + area B]. (z) [area A] / [area A + area B]. Q : Perfectly inelastic demand problem When When will an augment in supply entail a raise in price however no change in quantity?
When will an augment in supply entail a raise in price however no change in quantity?
The economic foundations of the single-tax progress were first presented through: (1) British Prime Minister Lloyd George. (2) John Stuart Mill. (3) Henry George. (4) David Ricardo. (5) George Stigler. How can I so
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