Relationship between Total Revenue and Marginal Revenue
What is the relationship among Total Revenue (TR) and Marginal Revenue (MR)? Answer: A) If MR is positive, TR rises although at diminishing rate. B) If MR is Zero, TR becomes maximum.
What is the relationship among Total Revenue (TR) and Marginal Revenue (MR)?
Answer:
A) If MR is positive, TR rises although at diminishing rate. B) If MR is Zero, TR becomes maximum.
Describe the likely behaviour of total product beneath the phase of increasing return to a factor.
A firm within an imperfectly competitive market is: (w) more likely to advertise than a purely competitive firm. (x) less probable to advertise than a purely competitive firm. (y) neither more nor less probable to advertise than a pure competitor. (z)
When Info-Gadget and Inc. offers only 333 thousand generic potato peelers monthly at $1 each as well as 1,667 thousand at $2 each, its price elasticity of supply is around: (1) 1.0. (2) 1.5. (3) 2.0. (4) 3.0. (5) 0.5. Q : Price elasticity of demand as As the Shmoo Recording Studio raised CD production from 3 million units to 5 million units, this was forced to discount CD prices down by $18 to $15. Then price elasticity of demand for Shmoo CDs is as: (w) 0.022. (x) 0.36. (y) 1.0. (z) 2.75.
As the Shmoo Recording Studio raised CD production from 3 million units to 5 million units, this was forced to discount CD prices down by $18 to $15. Then price elasticity of demand for Shmoo CDs is as: (w) 0.022. (x) 0.36. (y) 1.0. (z) 2.75.
Can someone help me in finding out the precise answer from the given options. When consumers become willing and capable to purchase more of a good at each and every possible price, then the: (i) Demand curve shifts up-ward and to right. (ii) Quantity demanded increase
I have a problem in economics on Problem relating to Taxes and Subsidies. Please help me in the following question. The sales taxes and government subsidies: (1) Influence only demand. (2) Do not influence the supply curve. (3) Affect the supply curve
Payments for a resource into excess of the minimum needed to supply specified amounts of the resource are termed as: (1) economic rents. (2) wage premiums. (3) excess profits. (4) surplus values. (5) capitalization. Q : Total revenue of profit maximizing firm If this profit-maximizing firm as in given figure can’t price discriminate, in that case its total revenue will equal to: (w) $90,000 per month. (x) $112,000 per month. (y) $60,000 per month. (z) $120,0000 per m
If this profit-maximizing firm as in given figure can’t price discriminate, in that case its total revenue will equal to: (w) $90,000 per month. (x) $112,000 per month. (y) $60,000 per month. (z) $120,0000 per m
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 : Labor Union Goals The strategy which is The strategy which is most likely to yield the maximum wages and employment and the most economic clout for all the workers over long run would be for a union to: (i) Restrict entry to a specific occupation. (ii) Boycott non-unionized firms which compete with the unio
The strategy which is most likely to yield the maximum wages and employment and the most economic clout for all the workers over long run would be for a union to: (i) Restrict entry to a specific occupation. (ii) Boycott non-unionized firms which compete with the unio
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