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.
When this purely-competitive firm makes output level Q, this is operating within the: (i) technological long run. (ii) long run. (iii) short run. (iv) shut down period. (v) boom period of the business cycle.
Whenever kids abandon a short-lived fad for Dinosaur action figures, this would be exhibited by the: (1) Left-ward shift of demand curve. (2) Right-ward shift of supply curve. (3) Right-ward shift of demand curve. (4) Left-ward shift of supply curve. (5) Movement down
When yearly per capita income increases from $13,500 to $26,500 and custom car sales increase from 100,000 to 200,000, by using the arc elasticity formula, then the income elasticity of demand is: (i) 0.50. (ii) 0.75. (iii) 1.00. (iv)
When wage discrimination is not possible for first 40 workers then this profit-maximizing firm hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average wage of the
An increase in the price of goods, outcomes in an increase in expenses on it. This demand is elastic or inelastic? Answer: Inelastic since there is direct relation
When equilibrium moves from point a to point b, the simple market experiencing a raise in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Change of tastes and preferences in Can someone please help me in finding out the accurate answer from the following question. Most of the mass advertising is intended to influence market demand primarily by: (1) Providing full detailed information regarding products. (2) Decreasing pro
Can someone please help me in finding out the accurate answer from the following question. Most of the mass advertising is intended to influence market demand primarily by: (1) Providing full detailed information regarding products. (2) Decreasing pro
The profit maximizing firm currently here in illustrated graph can generate a weekly economic profit of approximately: (1) $29,000. (2) $31,500. (3) $34,000. (4) $36,500. (5) $39,000. Q : Discrimination In the above diagram, In the above diagram, the elimination of discrimination is best represented by:
In the above diagram, the elimination of discrimination is best represented by:
Long-run supply curve of a purely competitive industry has a slope which is: (w) negative to offset the positive slope of each firm’s short-run supply. (x) positive to reflect the positive slope of each firm’s short-run supply. (y) depende
18,76,764
1932732 Asked
3,689
Active Tutors
1423304
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!