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In the quintile distribution of income, the term "quintile" represents
Within the short run, there monopolies can: (i) make economic profits. (ii) break even. (iii) make economic losses. (iv) All of the above. Hey friends please give your opinion for the problem of Economics <
I have a problem in economics on Illustration of Rational Ignorance. Please help me in the following question. Supposing that the meat you purchase from a grocery store is good devoid of inspecting its quality yourself with the microscope is an illustration of: (1) Be
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 demand is graphically demonstrated by:
Can someone please help me in finding out the accurate answer from the following question. The value of marginal product of the variable resource is its marginal product multiplied by: (1) The marginal revenue from sale of its addition to the output. (2) The price of
At a price for $0, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively sloped. Q : Normal profit Normal profit signifies Normal profit signifies zero economic profit. Explain why?
Normal profit signifies zero economic profit. Explain why?
Marginal revenue: This refers to the addition prepared to the total revenue.
A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of
Exit by a competitive industry will arise till economic: (1) profits are driven to zero. (2) profits counterbalance accounting losses. (3) incomes are equalized for comparable workers. (4) costs are sufficiently below accounting losses. (5) losses are driven down to z
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