--%>
Assignment Help - homework help

Marginal revenue of price taker firm

A price-taker firm’s marginal revenue is: (w) constant and identical to price. (x) less than average revenue. (y) sufficient to cover all short-run costs. (z) determined by the firm’s supply curve.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Claimants to a firms income stream The

    The least probable of the given to be claimants to the firm’s income stream would be the firm’s: (1) Shareholders. (2) Managers. (3) Customers. (4) Suppliers. (5) Government. Can someone please help me in finding out th

    		•
  • Q : Shrinking of Production possibilities

    The Production possibilities frontiers are most probable to shrink when: (1) National income becomes less fairly distributed. (2) High-tech agriculture reduces jobs for migrant farm workers. (3) A 3-hour nuclear war blasts technology back to Stone Age

    		•
  • Q : Influences on union nonunion wage

    Significant influences on union non-union wage differentials comprise the: (1) Proportion of an industry which is unionized and the frequency of strikes. (2) Frequency of strikes, inflation and the collective bargaining policies. (3) Collective bargai

    		•
  • Q : Elucidate the merits of mixed economy

    Elucidate the merits of mixed economy system?

    		•
  • Q : Monopsony power-Purely competitive Can

    Can someone help me in finding out the right answer from the given options. Dissimilar to a purely competitive hirer of labor, the firm with monopsony power can: (i) Both set any wage it wishes and hire as many workers as it desire

    		•
  • Q : Classification of Surveys as

    Surveys can be classified as probabilistic sampling: • Simple random sampling: If you have a relatively small, self-contained, or clearly stated population, suc

    		•
  • Q : Problem on Fair labor standards act Can

    Can someone please help me in finding out the accurate answer from the following question. The Fair Labor Standards Act initially: (1) Was performed in the year 1858. (2) Outlawed minimum salaries. (3) Established a low minimum salary in a limited number of divisions

    		•
  • Q : Social Welfare and Labor Market

    The labor market functions inefficiently when labor is hired only up to a point where, for last worker: (1) VMP = w. (2) VMP minus MRC surpasses zero and is maximized. (3) P x MPPL = w. (4) Added net revenue equivalents added net cost.

    Q : Percentage changes in quantity supplied

    The price elasticity of supply can be very approximately computed as the percentage change within: (w) responsiveness of price to variations within the quantity supplied. (x) quantity divided through the intercept coefficient of the supply curve. (y)

    		•
  • Q : Unitarily price elastic while small

    When small raises or decreases within the price of generic bananas do not influence the total sales revenue from bananas, in that case the market demand for generic bananas is: (i) perfectly price elastic. (ii) perfec

    		•