--%>

..

Within a graph along with output on the horizontal axis and whole revenue on the vertical axis, determine the shape of the total revenue curve for a perfectly competitive seller: w) U-shaped. x) inverted U-shaped. y) a horizontal line. z) a ray from the origin.

   Related Questions in Microeconomics

  • Q : Reallocation of resources-Government

    Describe the Reallocation of resources objective of the government budget.

  • Q : Illustrates the initial point of

    RoboMatic’s RoboMaids have turn into the hottest innovation in consumer electronics since colour television. The initial point Robomatic requires to see in its quest to maximize profit is: (1) point e. (2) point f. (3) point g.

  • Q : Corporations account problem I have a

    I have a problem in economics on Corporations account problem. Please help me in the following question. The Corporations account for roughly ______ of U.S. business revenues. (i) 1/4. (ii) 1/2. (iii) 1/6. (iv) 5/6. (e) All the above.

    Q : Imposition of rent controls under

    The imposition of rent controls below equilibrium rental rates tends to create: (i) a housing surplus. (ii) booms of new apartment construction. (iii) declines in the quantity and upkeep of rental units. (iv) rising incomes for landlords. (v) enhanced

  • Q : Perfectly price inelastic and price

    A vertical demand curve (when one existed) would be ____________ _____________ during its entire range when a horizontal demand curve is ____________ ____________: (w) relatively price inelastic; perfectly price inelastic (x) perfectly price elastic; perfectly price i

  • Q : Output produces by monopolistic

    This monopolistic competitor generates Q0 output where is: (1) MR = MC. (2) MSB > MSC. (3) average cost is not minimized. (4) P = ATC. (5) All of the above.

    Q : Determine economic rent by annual income

    The philosophers in this demonstrated graph are enjoying economic rent equal to: (w) shaded area A. (x) shaded area B. (y) shaded area C. (z) the sum of the shaded areas.

    Q : Possessing a problem of Moral Hazard I

    I have a problem in economics on possessing a problem of Moral Hazard. Please help me in the following question. The Moral hazard poses a problem if: (i) People with health insurance acquire flu shots. (ii) Persons who are sicker purchase health insur

  • Q : Commercial introduction of production

    Innovation: (w) entails financial investment to create human capital. (x) comprises the commercial introduction of a new product or production process. (y) can reasonably describe only normal accounting profit. (z) was used by John Maynard Keynes to d

  • Q : Vigorous competition in long run market

    Vigorous competition into a market depends in the long run most strongly upon the: (w) number of buyers and sellers presently in the market. (x) freedom to enter and exit the market. (y) sizes of the average firm within the market. (z) uniformity [hom