What is marginal revenue
Marginal revenue: This refers to the addition prepared to the total revenue.
Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should
I have a problem in economics on Meaning of Caveat emptor. Please help me in the following question. Caveat emptor signifies: (i) Let the seller beware! (ii) Everything else held steady. (iii) Let things modify if they should. (iv) Charge whatever the market will allo
When all bonds are perpetuities which annually pay $100, at an interest rate of 2%, in that case the price of these bonds would be: (1) $9800. (2) $5000. (3) $980. (4) $800. (5) $1,020. How can I s
A) Using appropriate tables and diagrams explain how price and quantity is determined in a free market economy. B) Briefly explain using the diagrams in 4.1 the followings two scenarios C) When
Assume that no externalities in production or consumption exist and the income distribution is universally viewed such as “fair.” When this firm could price discriminate perfectly, one condition for socially optimal output would be for: (i
Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. Q : Purely competitive or monopolies or Compared to either purely competitive firms or oligopolists, monopolies are: (w) more probable to consider the possible reactions of other firms. (x) oblivious to the actions of other firms. (y) less likely to engage
Compared to either purely competitive firms or oligopolists, monopolies are: (w) more probable to consider the possible reactions of other firms. (x) oblivious to the actions of other firms. (y) less likely to engage
Limits to statistical method: The mechanics of generating data and undertaking statistical analysis and modeling with that data are relatively straightforward. What is less clear is the process of structuring the scope and content of an empirical stud
Into a stable competitive economy without innovation, transaction, or uncertainty costs, all accounting profits would be: (w) pure economic profits. (x) payments required to secure owner-provided resources. (y) pure e
Each firm will shut down whenever the average expected revenue through selling output cannot equivalent or exceed expected as: (i) average total cost. (ii) marginal cost. (iii) average fixed cost. (iv) average variable costs.
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