Total variable cost while maximizes economic profits
Total cost when such firm maximizes economic profits would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period. Hello guys I want your advice. Please recommend some views for above Economics problems.
Total cost when such firm maximizes economic profits would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period.
Hello guys I want your advice. Please recommend some views for above Economics problems.
Can someone help me in determining the right answer from the given options. Ozzy Osbourne consists of a weird obsession with the manner live birds taste. Though, the more birds he bites, the harder Ozzy determines it to gain more satisfaction. Ozzy’s reaction ap
The site value of a piece of land taken as to the: (w) costs incurred by the landowners. (x) value of buildings on the land. (y) value of the land’s location. (z) appearance of the land. Hello guys I want you
The Asymmetric information on quality can outcome in: (i) Not all potential profits from the exchange being realized. (ii) Lower equilibrium prices. (iii) Purchases of unexpectedly low-quality items termed as ‘lemons’. (iv) Some transactio
While the quantity of a good supplied exceeds the quantity demanded: (1) sellers are more likely to create concessions to buyers. (2) the current market price is below equilibrium. (3) consumers gain through buying before prices adjust upward. (4) the quality of outpu
Monopolists are frequently considered inefficient since they set: (w) MR = MC to maximize profits. (x) P > MSC. (y) MSR < MSC. (z) output where average revenue equals price [AR = P] as well as marginal revenue equals marginal cost [MR = MC].
The only profit earned within the long run through a purely competitive firm is of: (w) normal accounting profit. (x) offset by short term losses. (y) created by exceptionally astute managers. (z) unrelated to its opportunity costs. Q : Define excess demand Excess demand : If Excess demand: If AD > AS at the full employment level. Then it is termed as Excess demand.
Excess demand: If AD > AS at the full employment level. Then it is termed as Excess demand.
The percentage of a specific population who is either unemployed or employed or is termed as the: (i) Labor force participation rate. (ii) Work-force proportion. (iii) Income-leisure loss curve. (iv) Substitution effect dominance rate. (v) Labor supply.
Below the competitive equilibrium output, restricting output will: (w) raise price above the competitive equilibrium price. (x) raise price above the marginal cost of the last unit produced. (y) generate a deadweight efficiency loss from underproducti
I have a problem in economics on Right-to-Work Laws. Please help me in the following question. The supporters of unions might complain that right to work laws frequently permit non-union workers to: (i) ‘Free-ride’ by enjoying the union-negotiated advantag
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