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.
If MPP equivalent to APP, what will you state regarding APP?
Answer: APP is at its maximum and steady or constant.
Price-maker firms would most likely comprise: (1) a tomato farmer in California. (2) a sheep herder who produces wool in a remote part of New Zealand. (3) a stock broker who contacts customers through the internet. (4) a rural grocery store. (5) the b
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.
I have a problem in economics on Relation between Implicit Costs and Opportunity costs. Please help me in the following question. The Implicit costs are: (1) Opportunity costs. (2) Always variable costs. (3) Similar as the accounting costs. (4) Similar as the explicit
Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unit
The summation of monopolistic exploitation across all the workers tends to raise however a firm as well operates at a more socially and economically proficient level of output and employment whenever the firm is capable to engage in: (m) Blacklisting in its dealings t
The demand curve facing an unregulated non-discriminating monopolist is NOT: (w) similar as the industry's demand curve. (x) downward sloping. (y) more elastic than the demand curve facing a competitive firm. (z) various from its marg
The time people are willing and capable to work at different wage rates throughout a given period is termed as the: (1) supply of labor. (2) labor force participation rate. (3) marginal product of labor. (4) labor theory of value. Q : Substitution and elasticity of good The The price elasticity of demand is probable to be greater the: (1) more extensively the good is seems as a need. (2) better the obtainable alternatives for producers. (3) higher the opportunity costs of production. (4) larger the number of utilizes for
The price elasticity of demand is probable to be greater the: (1) more extensively the good is seems as a need. (2) better the obtainable alternatives for producers. (3) higher the opportunity costs of production. (4) larger the number of utilizes for
Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
A purely competitive market would NOT be illustrated by: (1) many potential buyers and sellers. (2) each buyer or seller being a price taker. (3) an absence of long-run barriers to entry or exit. (4) aggressive advertising to compare brands. (5) a sin
18,76,764
1960601 Asked
3,689
Active Tutors
1443088
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!