Microeconomics Assignment
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If the demand for a good is price elastic, in that case the percentage change in quantity demanded into response to a specified change within price is: (1) greater than the percentage change in price. (2) positively related to the cha
The global wide demand for bicycles would be least probable to be influenced if: (1) Rises in incomes in less developed countries permitted a lot of people to purchase automobiles. (2) Couch-potatoes start heeding their doctor’s suggestion to ex
A monopolist produces an economically inefficient level of output since: (i) the difference among marginal revenue [MR] and marginal costs [marginal costs [MC] is maximized. (ii) P > average total costs [ATC], therefore MSB < MSC. (iii) all cons
Moving beside the demand curve by Q=0, P4 to Q4, P=0, then elasticity of demand for Pixie’s cheesy fried grits as: (w) doesn't change. (x) falls, then rises. (y) rises, then falls. (z) falls. Q : Rate of Return on Investment When the When the rate of return on investment equals the interest rate, in that case the optimal level of investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Q : Why demand curve face monopolistically Why is demand curve facing a monopolistically competitive firm probable to be very elastic?
When the rate of return on investment equals the interest rate, in that case the optimal level of investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Q : Why demand curve face monopolistically Why is demand curve facing a monopolistically competitive firm probable to be very elastic?
Why is demand curve facing a monopolistically competitive firm probable to be very elastic?
The Christmas tree farm’s short-run shut-down point arises at a price of: (i) P1. (ii) P2. (iii) P3. (iv) P4. (v) Not computable from these figures. Q : Price equality with marginal costs It It is not possible for a nondiscriminating, that profit maximizing monopolist to attain equilibrium where MR = MC as well as: (w) economic profit = 0. (x) economic profit is negative. (yz marginal costs are at the minimum of average costs [MC = ATC].
It is not possible for a nondiscriminating, that profit maximizing monopolist to attain equilibrium where MR = MC as well as: (w) economic profit = 0. (x) economic profit is negative. (yz marginal costs are at the minimum of average costs [MC = ATC].
Total cost when such firm maximizes economic profits would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period. Q : Determine present value by interest rate When the annual interest rate is 12 percent and a rental house can be expected to rent perpetually for price of $1,000 monthly, in that case the house has a present value of approximately: (1) $240,000. (2) $144,000. (3) $100,000. (4) $72,000. (5) $12
When the annual interest rate is 12 percent and a rental house can be expected to rent perpetually for price of $1,000 monthly, in that case the house has a present value of approximately: (1) $240,000. (2) $144,000. (3) $100,000. (4) $72,000. (5) $12
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