Problem on Proprietorships
Can someone please help me in finding out the accurate answer from the following question. The most general legal form of business in United States is: (1) Sole proprietorships. (2) Partnerships. (3) Cooperatives. (4) Corporations.
Setting a minimum price floor above the equilibrium price will: (w) raise the equilibrium price. (x) create excess demand at the minimum price. (y) create excess supply at the minimum price. (z) clear the market at the minimum price.<
When cuts into the price of cowboy hats drive down total revenues to hat makers, in that case demand: (1) relatively price elastic. (2) relatively price inelastic. (3) unitarily price elastic. (4) infinitely price elastic. (5) zero pr
The price elasticity of demand for DVD games among prices of $10 and $20 is approximately: (w) 3/2. (x) 3/7. (y) 1. (z) 16.333. Q : Problem regarding to tax wedges in In equilibrium, a tax upon a good tends to because of the: (1) supply to exceed the demand. (2) quantity supplied to exceed the quantity demanded. (3) demand prices of consumers to exceed the supply prices of sellers. (4) competitive
In equilibrium, a tax upon a good tends to because of the: (1) supply to exceed the demand. (2) quantity supplied to exceed the quantity demanded. (3) demand prices of consumers to exceed the supply prices of sellers. (4) competitive
Economic profits are not: (1) a surplus of revenues over opportunity costs. (2) quite similar to pure economic rents from society’s viewpoint. (3) zero in a purely competitive economy along with no uncertainty and zero transaction costs. (4) dif
Total cost can be estimated as area: (i) 0bcq1. (ii) 0adq2. (iii) 0Peq2. (iv) aPed. (v) Cannot be measured in illustrated figure. Q : Change in profit by producing an The change in profit by producing an extra unit of good equivalents: (w) marginal revenue [MR]. (x) marginal revenue minus marginal cost [MR – MC]. (y) MR = MC. (z) ATC - AVC. Hello guys I want your advice. P
The change in profit by producing an extra unit of good equivalents: (w) marginal revenue [MR]. (x) marginal revenue minus marginal cost [MR – MC]. (y) MR = MC. (z) ATC - AVC. Hello guys I want your advice. P
Individual pure competitive firms as well as firms along with market power may each be capable to: (i) reduce average total costs by increasing the size of its operations or economies of scale else decreasing the size of its operations [as diseconomie
When the firm produced at output level q2, this produced where: (w) MR = MC. (x) MR > MC. (y) MR < MC. (z) P < MC. Q : Highest hourly wages rate and lowest From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Discover Q & A Leading Solution Library Avail More Than 1412605 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1929468 Asked 3,689 Active Tutors 1412605 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Discover Q & A Leading Solution Library Avail More Than 1412605 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1929468 Asked 3,689 Active Tutors 1412605 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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