Total fixed cost
Total fixed cost: 1. Fixed cost remains constant at each level of output ie it do not change with change in quantity.2. It can not be zero when output is zero.3. Its curve is parallel to X-aixs4. Example :- Rent, wages of permanent staff.
Total fixed cost:
1. Fixed cost remains constant at each level of output ie it do not change with change in quantity.2. It can not be zero when output is zero.3. Its curve is parallel to X-aixs4. Example :- Rent, wages of permanent staff.
The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2. Q : Structure-conduct-performance From From roughly 1890 till 1970 year, the “structure-conduct-performance paradigm” controlled theories regarding how firms behave in various types of markets. The term “structure” in this expression refers to such
From roughly 1890 till 1970 year, the “structure-conduct-performance paradigm” controlled theories regarding how firms behave in various types of markets. The term “structure” in this expression refers to such
When boosting output by hundred units raises total revenue by $1200, in that case a purely competitive firm’s marginal revenue the same as: (w) $1,200. (x) $120. (y) $12. (z) $120,000. I need a good answer on
I have a problem in economics on Value of the Marginal Product. Please help me in the following question. Value of the marginal product is stated as: (1) MPP × P. (2) MPP × MR. (3) MPP × MC. (4) MPP × MRC. Q : Consumer behaviour Graphical Graphical representation of relationship between MPC and multiplier?
Graphical representation of relationship between MPC and multiplier?
A nondiscriminating monopolist cannot maximize profits through producing where demand: (w) price elastic. (x) price inelastic. (y) above marginal cost. (z) above marginal revenue. Can someone explain/help me with b
One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?
Can the charting of past prices be used to predict future prices?
Effective price discrimination to maximize profit does NOT needs the firm to be capable to: (w) separate the market within different groups along with different demand elasticities. (x) erect entry barriers to defend a monopoly position. (y) prevent t
One of my friends can't find the answer of this question .Give me answer of this question. How are economic theories created in neoclassical economics?
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