Market Form-price taker
In which market form, the firm is a price taker? Answer: In Perfect competition
In which market form, the firm is a price taker?
Answer: In Perfect competition
Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
Financial intermediation is, largely, the process of: (1) lending money out at interest. (2) spending funds faster than revenues are obtained. (3) channeling funds from savers to dissavers, as well as to investors into economic capital. (4) buying and
All of the given might causes labor markets to be non-competitive except: (i) Backward bending labor supply curves. (ii) Unions and employer trade associations. (iii) Monopolistic power exercised by the firm. (iv) Monopsonistic power exercised by the
Can someone help me in finding out the right answer from the given options. Being disappointed whenever you finally learn how some desserts are accessible after you have already told the server at a restaurant that you will try the ‘all-you-can-eat’ buffet
When firms exit a declining competitive industry, in that case surviving firms will: (i) reduce their outputs and prices. (ii) experience higher prices and profits. (iii) automate to adjust to lower wages. (iv) sell more output at lower prices. <
The supply of textile employees in China is possibly most like the perfectly price elastic supply curve within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Exceed elasticity of demand When the When the price of a good increase slightly, then total revenue: (w) falls in the inelastic range of the demand curve. (x) rises over the elastic range of the demand curve. (y) stays close to zero in the unitary-elastic range of the de
When the price of a good increase slightly, then total revenue: (w) falls in the inelastic range of the demand curve. (x) rises over the elastic range of the demand curve. (y) stays close to zero in the unitary-elastic range of the de
Demand curves tend to be flatter for goods such that: (w) are necessities than for luxury goods. (x) absorb smaller shares of family income. (y) have more close substitutes obtainable. (z) have more close complements within consumption.
A straight-line that positively sloped supply curve which starts from the basis is: (w) elastic for all prices and quantities. (x) inelastic for all prices and quantities. (y) unitarily elastic for all quantities and prices. (z) negatively associated
When a firm's inventories are comparatively high, then the bargaining power of union is: (i) Huge, since the firm cannot afford interruptions of the production. (ii) Great, since the firm's gains are low. (iii) Low, since the firm can sell its invento
18,76,764
1925719 Asked
3,689
Active Tutors
1428543
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!