Maximize profit by manufacturing output
All firms maximize profit by manufacturing output where is: (w) AC = MR. (x) MC = MR when maximum total revenue exceeds total variable costs. (y) MR is rising. (z) TR = TC. How can I solve my Economics problem? Please suggest me the correct answer.
All firms maximize profit by manufacturing output where is: (w) AC = MR. (x) MC = MR when maximum total revenue exceeds total variable costs. (y) MR is rising. (z) TR = TC.
How can I solve my Economics problem? Please suggest me the correct answer.
The demand curve an oligopolist faces is kinked at the current price when other firms into the industry: (1) face unitary elasticity of demand at their current output levels.(2) will match any price cuts although not price hikes. (3)
Can someone help me in finding out the right answer from the given options. The firms can be successful and survive in long run merely when they consistently: (1) Produce positive economic gains. (2) Comply completely with federal regulations. (3) Ignore managerial sl
Into this "kinked-demand" model, such firm views the marginal revenue curve this faces as the: (1) linear curve acD2 for all prices. (2) linear curve deMR1 for all prices. (3) nonlinear curve adeMR1. (
If, after hiring the very last worker, the firm's profit is similar as it was before the last worker was hired, then the firm must: (1) Hire more workers to raise gain. (2) Layoff certain workers to raise the gain. (3) Not hire any more workers. (4) Shut down in short
Not among main deficiencies of the current welfare system is which it sometimes: (w) gives low benefits to the poor relative to total budgetary outlays. (x) collects taxes from the poor to provide benefits to the rich. (y) yields effective marginal ta
Securities annually paying exact amounts forever are: (1) stocks. (2) perennials. (3) royalties. (4) renewals. (5) perpetuities. How can I solve my Economics problem? Please suggest me the correct answer.
Purely competitive firms regulate to the optimum size within the long run since: (w) managers are more interested in efficiency than profit. (x) entrepreneurs want to do what is good for society. (y) entry and exit generate long-run equilibrium where
The least clear illustration of how decisions are generally at the margin would be: (i) A floral shop hiring an additional clerk and opening earlier in hopes of increasing revenues by half. (ii) Eating less whenever the menu is a-la-carte than at an ‘all-you-can
A profit-maximizing monopolist will necessarily incur economic losses when, at every feasible level of output as: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) average tota
A monopolist will shut down within the short run while its equilibrium price as: (1) equals short-run average cost. (2) exceeds marginal cost. (3) is less than average variable cost. (4) is less than average fixed cost.
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