What is the revenue of a firm
Revenue of a firm: It is the sale or money receipts from the sale of product.
Why is demand curve is beneath oligopoly indeterminate (i.e., uncertain)? Answer: Demand curve is indeterminate since of price war among sellers.
Elasticity of Demand: The law of demand elucidates that demand will change due to a change in the price of the commodity. However it does not elucidate the rate at w
When Prohibition Corporation maximizes profit within its production of St. Valentine’s Day software, there average cost per unit of it produced will be roughly: (i) $4 per copy. (ii) $10 per copy. (iii) $18 per copy. (iv) $24 per copy. (v) $32 per copy.
The labor market functions inefficiently when labor is hired only up to a point where, for last worker: (1) VMP = w. (2) VMP minus MRC surpasses zero and is maximized. (3) P x MPPL = w. (4) Added net revenue equivalents added net cost. Q : Production and consumption of good of Production and consumption of a good is most probable to be economically inefficient in a private market system while private decisionmakers: (i) are affected by government policymakers. (ii) avoid how the activity generates benefits on non-decisionma
Production and consumption of a good is most probable to be economically inefficient in a private market system while private decisionmakers: (i) are affected by government policymakers. (ii) avoid how the activity generates benefits on non-decisionma
Economists suppose that nearly all decisions are made by: (i) At the margin. (ii) On the average. (iii) Based on totals. (iv) All of the above. Please someone suggest me the right answer.
Some researchers have attempted to define poverty: (1) as the lowest 20% of the income distribution. (2) through estimates of the fundamental needs for families having various characteristics. (3) by estimating the costs of the minimum caloric intake
When the government imposes a price floor upon a product, in that case there may be political pressure for the government: (1) to produce several of the good itself. (2) to restrict the demands of private buyers. (3) to buy and then store some surplus
One of my friends can't succeed to get the answer of this question. Give solution of this question. Described the stages of production and in which stage will production occur and why?
The market demands for automobiles are not rapidly and directly influenced by modifications in: (i) Income. (ii) Gasoline prices. (iii) Salaries paid to auto-workers. (iv) The number of legal drivers. (v) Preferences and tastes. Discover Q & A Leading Solution Library Avail More Than 1414974 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1954131 Asked 3,689 Active Tutors 1414974 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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