--%>
Assignment Help - homework help

Relationship between MPP and APP

If MPP equivalent to APP, what will you state regarding APP?

Answer: APP is at its maximum and steady or constant.

   Related Questions in Microeconomics

  • Q : Monopsony power in the market of labor

    Can someone please help me in finding out the accurate answer from the following question? The firm probable to encompass significant monopsony power in its labor market would be: (v) Big cotton farm in the Texas hiring migrant workers. (w) Textile manufacturer in Hon

    		•
  • Q : Probable outcome of a shift problem The

    The shift from D0 to D1 would be a probable outcome of: (i) An alter in the price of gasoline. (ii) Winter ending and summer coming, and hence more people take vacations. (iii) A reduction in the number miles driven. (iv) A rise in the cost of petroleum employed to ge

    		•
  • Q : Problem on Hicks model of collective

    The model of collective bargaining designed by the John Hicks graphically resolves for the level of: (i) Wage rate and length of strike. (ii) Fringe advantages and safety cases on the job. (iii) Wage rates and union dues. (iv) Union control over the w

    		•
  • Q : GDP In calculating the GDP national

    In calculating the GDP national income accountants

    		•
  • Q : Problem on Equilibrium price What

    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

    		•
  • Q : Negative-positive coefficient in

    When you compute cross-elasticity of demand, what are you trying to find out?  What do a negative coefficient and a positive coefficient imply?

    		•
  • Q : Central problems of an economy

    Elucidate the central problems of an economy: A) What to produce? B) How to produce? C) For whom to produce? Answer:

    Q : State the meaning of Inflationary Gap

    State the meaning of Inflationary Gap: This refers to the amount by which the real aggregate demand exceeds the level of aggregate demand needed to establish full employment equilibrium.

    		•
  • Q : Perfect mobility and perfect information

    The model of perfect competition assumes perfect mobility and perfect information. Transaction costs are not present; therefore all buyers and sellers base decisions on the best information obtainable to anyone else, as well as transportation (mobilit

    		•
  • Q : When market for a good is in equilibrium

    Whenever the market for the good is in equilibrium, this signifies that the: (i) Demand and supply are equivalent. (ii) Tax wedge is perfectly offset by the government advantages. (iii) Differences among demand prices and supply prices equivalent profit per unit. (iv)

    		•