realtionship between MC and AVC
what happens to AVC if MC>AVC
Asymmetric information is less difficult for the efficiency of laissez faire transactions whenever transactions: (i) Are voluntary and are predict to be repeated many times. (ii) Costs are relatively very high. (iii) Are regulated by the complex govt.
Relation to the current U.S. welfare system, a suitable negative income tax plan would: (1) be much more difficult and more expensive to administer. (2) reduce some of the current disincentives for work. (3) result in a substantial de
Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
When the market price of a good is $50 and a purely competitive firm raises its output from 20 units, marginal revenue of it is: (w) $50. (x) $1000. (y) $2.50. (z) $0.40. I need a good answer on th
Explain in brief about the importance of strategic management towards the success of a business?
Nostalgia Corporation has controlled to lock-up the rights to each black-and-white film ever made, as well as the response to its infomercials has been astounding. The initial point Nostalgia requirement to identify in its quest to maximize profit is:
Describe the relation between average revenue and marginal revenue. whenever a firm can sell an extra unit or a good by lowering price.
Break-even price: This is the price at which firms form zero normal profit.
When the demand curve for wheat is negatively sloped, increases in its supply will: (1) Lower the equilibrium price. (2) Increase the equilibrium price. (3) Reduce the equilibrium quantity. (4) Stimulate technological modification. Q : Other determinants that producers want In addition to price, what are the other determinants that producers want to sell?
In addition to price, what are the other determinants that producers want to sell?
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