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Marginal revenue is below average revenue as [TR/Q] for a firm along with market power since: (w) the demand curve this faces is negatively sloped. (x) its supply curve is relatively inelastic. (y) marginal cost is be
What does leftward shift of PPC point out? Answer: It points out underutilization of resources.
When a family can earn income and transfer profits of $11,500 by working full time at the minimum wage, and also $12,500 in transfer benefits without working, the family’s net gain through working is: (1) zero. (2) $12,500. (3)
The view which big corporations unfailingly capture much stable shares of spending out of national income is: (i) Accepted by almost all the economists. (ii) Contrary to the confirmation of turnover among big over the decades. (iii) The symptom of strong competition.
Absolute and complete inequality into the distribution of income or wealth would be reflected within the Lorenz curve demonstrated as: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'. (v) line 0F0'. Q : Illustration of demand for Spurs tickets Can someone help me in finding out the precise answer from the given options. In the year 2005, the San Antonio Spurs basketball team increased all ticket prices and attendance surpassed the year 2004 attendance, pointing out a raise in the: (i) Upward slope of ticket
Can someone help me in finding out the precise answer from the given options. In the year 2005, the San Antonio Spurs basketball team increased all ticket prices and attendance surpassed the year 2004 attendance, pointing out a raise in the: (i) Upward slope of ticket
People who seek monopoly profits by buying the assets of successful monopolists will probably: (w) receive only normal returns onto the investment. (x) realize capitalized profits (y) attain monopoly economic profits. (z) thwart competition by innovating procedures of
The law of supply states that the amount of a good supplied is: (i) Legally governed by the production regulations. (ii) Inversely related to its absolute price. (iii) Recognized by the consumer tastes in the free market economy. (iv) Positively relat
I have a problem in economics on Law of equal marginal advantage to consumer behavior. Please help me in the following question. Pertaining the law of equal marginal benefits to consumer behavior outcomes the principle of: (i) Diminishing the marginal utility. (ii) Ov
When the price Pixie’s Restaurant charges for its well-known cheesy fried grits rises from $2 to $4 and quantity demanded falls from 750 to 500 servings weekly, the price elasticity of demand over such price range is approximate
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