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.
Explain the term Oligopoly? Also explain its Characteristics?
When no goods generate external costs or benefits within their consumption or production and when the income distribution is deemed acceptable, in that case economic efficiency is promoted through: (w) government inte
Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments
In a purely competitive industry, it tends to be perfect price elasticity within the short run: (w) market demand curve. (x) market supply curve. (y) demand for the good by a single consumer. (z) demand curve facing a single firm.
I have a problem in economics on Production Costs of goods problem. Please help me in the following question. In order to provide more goods on the market, firms increase prices to cover: (1) Rising opportunity costs in the production. (2) Technologic
State economic arguments on whether a football club must sell a significant player?
Select the right answer of the question. The physical export of motorcycles from the United States to Mexico best illustrates a: A) trade flow. B) resource flow. C) financial flow. D) technology flow.
The merely fast food restaurant conveniently located close to a fast-growing suburb may be rather profitable despite sloppy management and poor quality control. There market power can enable several firms along with excessively high production
The tax on a good tends to make: (i) Inflationary pressure the govt. can disperse by cutting its spending. (ii) The wedge among prices buyers pay and the prices sellers obtain. (iii) Rises in supply from the viewpoint of buyers. (iv) More quick transa
A kinked demand curve for an oligopoly is probably when: (1) all the rival firms face identical demand curves. (2) rival firms are expected to match price cuts, but not price hikes. (3) firms ignore their rivals’ strategies when
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