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.
At a price for $0, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively sloped. Q : Law of demand is price in the law of is price in the law of demand an absolute or relative price
is price in the law of demand an absolute or relative price
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
The economic perspective refer as: 1) macroeconomic phenomena, but not microeconomic phenomena. 2) microeconomic phenomena, but not macroeconomic phenomena. 3) the making of purposeful decisions in a context of marginal costs and marginal benefits. 4) unlimited resour
Which of the following is not an illustration of the principal-agent problem? (1) The real estate agent vends your house for less than you settled to. (2) The salespeople of the luggage company book first class seats whenever traveling out of town and write off the ex
A) Using appropriate tables and diagrams explain how price and quantity is determined in a free market economy. B) Briefly explain using the diagrams in 4.1 the followings two scenarios C) When
Glynn’s preferences in between work and leisure give in a: (i) wealth effect that exceeds the leisure consequence above point c. (ii) weak preference for working more than 40 hours per week. (iii) substitution effect that exceeds the income effect at wage rates
The John Hick’s bargaining model recommends that the union wage demands and a firm's wage provide: (i) Might be so distinct that the management hires scabs. (ii) Are non-negotiable in the competitive environment. (iii) Become identical as the du
Elucidate why are firms mutually interdependent in oligopoly market.
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
18,76,764
1957684 Asked
3,689
Active Tutors
1420199
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!