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.
Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.
Can someone help me in finding out the right answer from the given options. The Economists state that a market is cleared when the price is in such a manner that: (i) Each and every good produced is sold. (ii) Quantity and Price are equal. (iii) Surplus demand surpass
Can someone help me in finding out the right answer from the given options. The craft unions historically tried to systematize all the workers in: (1) A specific company, in spite of size. (2) The United States. (3) The specific broad industry. (4) Relatively highly s
Suppose that the price of peanut packets increases by 5 %, the quantity supplied of peanut increases by 8 %. Then what is the elasticity of supply? Answer: Es = Per
In which market form is the marginal and average revenue of a firm always equivalent? Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.
The critics of ‘credentialism’ suppose that firms making employment decisions tend to mainly rely too heavily on: (i) Personal contacts. (ii) Personality testing. (iii) Past experience. (iv) Job interviews. (v) Formal education and trainin
I have a problem in economics on Labor Contracts-Shop Agreements. Please help me in the following question. The union leaders would tend to favor the contract clause needing: (1) A sweat shop. (2) An agency shop. (3) A union shop. (4) An open shop.
Law of Supply: Supply means the goods provided for sale at a price throughout a particular period of time. This is the capacity and intention of the producers to gen
What does AFC curve appear like? Why does it appear so?
Assume that Monsieur Cournot cannot price discriminate although is intent on maximizing profit. Apart from of the magnitude of variable costs, Cournot would certainly not try to sell: (w) the output corresponding to p
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