Why is the ATC bigger than AVC
Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
Why is the ATC bigger than AVC?
Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
Most of the microeconomic models hinge on suppositions that all choices by each and every individual imitate attempts to: (1) Conform to social mores and cultural norms. (2) Propagate the individual’s gene pool into the future generations. (3) B
In order for a firm to profit from predatory pricing: (w) the incumbent must fulfill the entire industry demand at a price below costs. (x) the cost of predation should be less than the profits incurred through driving out one’s rivals from the
Points exterior to economy’s production possibilities curve exhibit combinations of goods which: (i) Can’t be produced with the economy’s present capacity. (ii) Employ resources proficiently in production. (iii) Don’t utilize t
Interest stated at an annual percentage rate that stands for APR is the rate of interest without consideration of compounding throughout that year. Yearly or annual percentage yield [APY] refers to interest which is compounded continuously. When a ban
Revenue: This refers to total money income from the sale of output.
Let consider the law of demand. The idea that the higher price for a normal good will outcome in less of good being purchased never based logically on the: (1) Income effect, by which the higher price decreases the purchasing power of the income. (2) Demand for good f
When line 0C0' shows income distribution before taxes and transfers, in that case the line that shows income distribution after taxes and transfers would be: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'. Q : Long run supply Illustrate and explain Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.
Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.
The break-even level of income for four member of family under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year
When a monopolist increases output along with elastic demand, then total revenue: (w) increases at a constant rate. (x) increases at an increasing rate. (y) increases at a diminishing rate. (z) All of the above are possible.
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