What is marginal revenue
Marginal revenue: This refers to the addition prepared to the total revenue.
Short-run supply curve of a purely competitive firm is the positively sloped segment of: (a) its long run sales revenue curve. (b) its marginal fixed cost curve. (c) its average profits curve. (d) its average total cost curve. (e) its MC curve above t
Give the answer of following question. A progressive tax is such that: A) tax rates are higher the greater one's income. B) the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor. C) entrepreneurial income is exempt
Jana chugs 5 big cups of Gatorade in five minutes after winning the marathon. Jana’s marginal utility is much likely to be: (1) Equivalent for each cup as she was very thirsty. (2) Maximized at 3 cups, when she is reaching the equilibrium. (3) Diminishing whenev
Differentiate between perfect competition and monopoly competition?
When Presidio, Hybrid Roses and Texas boomed learned which its rent and utilities had soared upward by $9 per hour hence a new five-year lease would now cost $60 per hour, therefore this monopolist will: (w) continue to realize positive economic profi
Can someone help me in finding out the right answer from the given options. Assume that sales of generic beds are highly competitive and Deluxe Beds is just significant employer in Nowhere, Nevada. When deluxe workers unionize and
When the wholesale price P = $5 per dozen roses, this purely competitive rose farm maximizes profit through producing ___ dozen roses at a total (loss or profit) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500.
Can someone please help me in finding out the accurate answer from the following question. The profit-maximizing firm which is perfectly competitive in the resource market however which has the market power in output market will hire labor at a point where: (1) VMP =
Separation of ownership or stockholders by control (management) into modern giant corporations tends to divide the economic functions of: (w) capitalists. (x) union leaders. (y) entrepreneurship. (z) bureaucrats. I
I have a problem in economics on Profit Maximization in the Labor Markets. Please help me in the following question. All the profit maximizing firms will hire labor up to a point where: (1) MRP = MFC. (2) MRP = w. (3) VMP = w. (4) VMP = MFC.
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