Question on economic cost
Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.
Darlene thinks as the “cowboy look” will rebound sharply subsequent spring. Then she travels to Mexico and buys ten-thousand pairs of primo cowboy boots at $35 every, and after that waits, expecting to sell them for $350 a pair in Chicago within the spring
Fakery is a pretentious start-up firm within the monopolistically-competitive costume jewellery industry. But Fakery is most probable to try to gain control over pricing whereas limiting its production by a strategy of: (1) lobbying C
Assume that this market is initially within equilibrium along with a supply of funds consequent to S0 and a demand for loanable funds consequent to I1. When the U.S. Department of the Treasury be
The resource which a carpet manufacturer is most probable to view as the variable in short run would be: (i) The warehouse it owns (ii) Truck driver. (iii) The truck on a 5-year lease agreement. (iv) Firm’s biggest factory. C
When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its annual total revenue will be roughly: (i) $40 million. (ii) $60 million. (iii) $80 million. (iv) $100 million. (v) $120 million.
When there is an excess in the balance of trade? Answer: When export > import (that is, when export is greater than import).
Tactics as like [a] lowering prices, [b] expanding output beyond a short run profit maximizing level, and [c] aggressively advertising or redesigning existing products to make them incompatible along with rivals’ products are most likely to be interpreted as ill
A candy factory generated 5.2 million packages of gummy worms in this year as well as sold them for $1.27 all. Last year this sold 4.7 million packages of gummy worms of $1.36 all. Such firm’s gummy worms have price elasticity of demand roughly
While rate hikes will boost a utility's total revenue, in that case the utility faces: (w) elastic demand over the relevant price range. (x) unitarily elastic demand over the relevant price range. (y) inelastic demand over the relevant price range. (z
A monopoly is a single: (w) seller of differentiated products. (x) producer of a good for that there are no close substitutes. (y) producer of a good for that there are several substitutes. (z) buyer of products into the market. Discover Q & A Leading Solution Library Avail More Than 1449981 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1940380 Asked 3,689 Active Tutors 1449981 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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