What is the revenue of a firm
Revenue of a firm: It is the sale or money receipts from the sale of product.
Boosting the price for Pixie’s cheesy fried grits by P2 to P3 will: (w) increases total revenue since demand within inelastic. (x) increase total revenue since demand is elastic. (y) reduce total revenue since demand is inelastic. (z) reduce total revenue since demand
A monopoly is a type of market structure in that one: (w) seller makes up the industry. (x) giant firm is a price taker. (y) barrier to entry exists. (z) giant firm is the particular buyer of resources. Q : Labor Union History Can someone please Can someone please help me in finding out the accurate answer from the following question. Preceding to the AFL-CIO merger in the year 1955: (i) AFL was an alliance of the industrial unions. (ii) The CIO was an alliance of the craft unions. (iii) Strikes over which un
Can someone please help me in finding out the accurate answer from the following question. Preceding to the AFL-CIO merger in the year 1955: (i) AFL was an alliance of the industrial unions. (ii) The CIO was an alliance of the craft unions. (iii) Strikes over which un
The market is cleared when there are: (i) Buyers left waiting in line. (ii) Surplus supplies of unsold goods. (iii) No surpluses or shortages. (iv) Tendencies for the prices to increase. Can someone please help me in finding out th
Describe the relation between average revenue and marginal revenue. whenever a firm can sell an extra unit or a good by lowering price.
A price raise from $6 to $8 would effect in: (1) a decrease in total revenue. (2) an increase in total revenue. (3) no change in total revenue. (4) consumers buying more pizza. (5) pizza parlors selling more pizza.
I have a problem in economics on Income and Inferior Goods problem. Please help me in the following question. For a non-vegetarian, Spam is to filet the mignon as: (1) Luxury goods are to requirements. (2) Complementary goods are to substitute goods.
When land that rents for $100,000 yearly can be bought for $800,000 now, it will be a break-even investment when the market interest rate is: (i) 6%. (ii) 10%. (iii) 12.5%. (iv) 15%. (v) 8%. Can anybody suggest me the proper explan
Key questions in evaluating a research report: In brief, there are five key questions you, as a consumer of analytical work, should ask yourself as you are evaluating a research report. 1. What is the purpose of th
All transaction costs would be zero when: (1) Congress required current prices to be cut by eighteen percent. (2) market information and transportation were both costless. (3) market prices were legally restricted to production costs. (4) inflation we
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