--%>

Short-run shut-down point for profits and losses

Short-run shut-down point of the cranberry farm occurs at a price of: (i) P1. (ii) P2. (iii) P3. (iv) P4. (v) Not computable from these figures.

189_demand and supply.png

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Problem on Normal and Inferior Goods

    Lobster is a normal good and peanut butter is a poorer good. When your income increases, you will most likely consume: (1) More of both the goods. (2) More lobster and less peanut butter. (3) More peanut butter and less lobster. (4) Less of both goods.

    Q : Problem of How to Produce Describe the

    Describe the problem of How to Produce? Answer: This refers to the choice of techniques of production of services and goods and whether labor intensive or capital i

  • Q : Efficiency Wages-Expected losses

    Expected losses to the workers from shirking are raised when a firm accepts a policy of: (1) Dividing the productive tasks and hence the division of labor is optimal. (2) Paying the efficiency wages which surpass market-clearing wages. (3) Avoiding the legal liability

  • Q : Shutdown level of output for a purely

    For a purely competitive firm the shutdown level of output arises where is: (w) total revenue barely covers total fixed costs. (x) market price just equals the minimum of its AVC curve. (y) total revenue equals total cost as (PQ = TFC + TVC). (z) pric

  • Q : Elasticity of demand changes with price

    Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5.

    Q : Profit-maximizing monopolistically

    A profit-maximizing monopolistically competitive firm will operate where is: (w) MR > MC. (x) MR = MC. (y) P < MR. (z) P < MC. Can anybody suggest me the proper explanation for given problem regarding

  • Q : Supply curve The short-run industry

    The short-run industry supply curve is found by what?

  • Q : Categorizing goods into intermediate

    Describe the basis of categorizing goods into intermediate and final goods. Give appropriate illustrations.

  • Q : Problem regarding market demand curve

    Hey friends I need your help for illustrated figure in below where for cranberries, the market demand curve is: (i) A. (ii) B. (iii) F. (iv) J. (v) E. 1579_</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Definition of law of demand Definition

    Definition of law of demand: It is the claim that, other things equivalent, the quantity demanded of a good drops/falls whenever the price of the good increases.