Microeconomics Assignment
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Most of the people can’t modify relative market prices however have a little control over the relative subjective prices of the goods they consume. They are most probable to make market prices and subjective prices compatible when they: (i) Raise purchases of go
Can someone please help me in finding out the accurate answer from the following question. The relative utility from the last dollar used up on food is the ratio: (i) Marginal utility of food or production cost of food. (ii) The Price of food or net grocery bill. (iii
Within the long run a monopolistically competitive firm will not be characterized through: (w) zero economic profit. (x) price greater than marginal revenue. (y) production at lowest possible average total cost. (z) price greater than marginal cost.
An illustration of how marginal utility diminishes takes place when: (1) Todd only requires 180 screws for his bike repair shop however purchases a box of 200 screws. (2) Amy Sue decides she would instead contain 150 hogs than 151 on her pig farm. (3)
Revenue of a firm: It is the sale or money receipts from the sale of product.
settlement range between management and the trade union
Describe firm’s supply curve in short run, operating in perfect competition? Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).
HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. When HoloIMAGine is a pure monopoly, in that case this firm confronts a demand curve which is: (w) identical to the industry demand
Can someone please help me in finding out the accurate answer from the following question. The demand for the labor by a monopolist in product market is its: (i) Value of the marginal product (or VMP) curve. (ii) Marginal revenue of product (or MRP) curve. (iii) Its m
The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (v) Price discrimination. (w) Monopolistic exploitation. (x) Feather-bedding. (y) Blacklisting. (z) Monopsonistic exploita
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