monopolistic competition
firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.
Which of the following diagrams depictes(s) the effect of an increase in the price of Budweiser beer on the market for Coors beer? A) A and C. B) A only. C) B only. D) C only. Q : Define change in demand Change in Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.
Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.
Within a competitive industry into the long run: (w) economic profits are common. (x) existing firms wither in growing industries. (y) economic profits induce new firms to enter an industry. (z) accounting profits will be zero for all firms.
Assume that no job vacancies exist for the taxidermists, which students lack any interest in taxidermy, and that taxidermy produces no externalities. When lobbyists persuaded college Boards of Trustees to need taxidermy courses and to set up Departments of Taxidermy s
What happens to equilibrium price if increase in demand is equivalent to increase in supply? Answer: In case of equivalent increase in demand and supply the equilib
explaination of balance of payment identity
One of the main disadvantages of operating a corporation in relative to operating a sole partnership or proprietorship is that corporations tend to: (i) Offer just limited legal liability to their stockholders. (ii) Utilize specialized management pers
The contribution standard of income distribution: (w) sets the least efficient incentives for production. (x) is the distribution standard most compatible along with pure capitalism. (y) minimizes individual economic freedom. (z) is very complimented
In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?
When racial or personal or sex discrimination decreases worker’s mobility across the occupations: (1) Workers will be completely compensated for their opportunity costs. (2) Economic rent is more probable to be earned by such who are not discriminated against. (
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