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 two policies that most likely account for most of the trend toward greater income equality during 1929 and 1975 are: (w) improved educational opportunities, and tax and transfer policies. (x) reduced sex discrimination and public availability of b
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
Price floor: Price floor refers to the lowest amount price fixed by the government over the market determined price and hence the producers of the necessary items such as wheat, rice and so on might not experience losses.
In which market form, the firm is a price taker? Answer: In Perfect competition
An increase during the demand for loanable funds will be mirrored through: (1) an increase in the supply of bonds. (2) a decrease into the interest rate. (3) a lower subjective internal rate of discount through typical savers. (4) a reduction in the f
Factor market: It comprises of factors of production namely land, labor, capital and associations.
explaination of balance of payment identity
Elucidate the role of margin requirements for correcting deflationary gap.
What occurs to the demand for a good whenever the price of Substitute goods downs?Answer: Whenever the price of substitute good downs, then the demand for the specified good too downs.
Unlike the competitive employers, profit-maximizing firms with the monopsony power will: (1) Set any salary they want and hire as lots of workers as they want. (2) Make any amount and charge any price they desire for output. (3) Be expected to try to make the most of
18,76,764
1933660 Asked
3,689
Active Tutors
1434393
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!