Total fixed cost in competitive firm
This competitive firm's fixed cost or TFC in demonstrated can be computed as area as: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P2eq4. (v) aced. Hey friends please give your opinion for the problem of Economics that is given above.
This competitive firm's fixed cost or TFC in demonstrated can be computed as area as: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P2eq4. (v) aced.
Hey friends please give your opinion for the problem of Economics that is given above.
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Even when each household’s demand curve didn’t shift, the market demand for the butter would increase if there were a raise in: (1) House-hold income. (2) People’s preferences for the butter. (3) Population. (4) Price of margarine.
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Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
Normal good: It is a good for which, other things equivalent, a rise in income leads to a rise in demand.
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Define Average Variable Cost. And also state its formula.
In the short run, no profit-oriented monopolistically-competitive firm still knowingly generates any output unless: (1) an economic profit is assured. (2) total revenues are expected to equal or exceed its total variable costs. (3) the average wage ra
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