essay
why is marginal revenue product=marginal resource cost a formula for profit maximization?
Inside the United States, public utilities like natural gas lines or electric companies are frequently: (w) quite competitive while they vie for the consumer's dollars. (x) natural monopolies which are closely regulated by government. (y) seldom closely regulated thro
I have a problem in economics on Problem on falling income causes increase in demand. Please help me in the following question. If falling income causes the demand for a good to rise, it is an: (1) Inferior good. (2) Costly biological necessity. (3) N
When the marginal revenue product of the very last worker hired is more than the marginal resource cost of the worker, then the firm: (1) Is experiencing rising returns to the scale. (2) Can raise its gains by hiring more labor. (3) Is maximizing the profit. (4) Must
Firm A has no costs of production and sells its products to just two buyers. The buyers (1 and 2) have the following demand functions: P1 = 90 -10q1 P2 = 60 - 5q2 (a) Assuming that the rm can engage in third degree price discrimination, nd the
I have a problem in economics on Synonym for the economist’s term utility. Please help me in the following question. The reasonably close by synonym for the economist’s term utility is: (1) Consumption. (2) Marginalism. (3) Discontentment. (4) Satisfaction
At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic. Q : Marginal cost of capital What do you What do you mean by the marginal cost of capital?
What do you mean by the marginal cost of capital?
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
In efforts to offset specific failures of the private sector, government policy within a mixed-capitalist economy would be least reasonably intended at an objective of: (1) creating externalities to spread the costs of various activities across all me
Monopolistic competitors generate differentiated goods which have numerous potential: (1) substitutes and important barriers to entry protecting them from potential rival producers. (2) close substitutes whose suppliers face no long run barriers to en
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