Relation between average and marginal revenue
Describe the relation between average revenue and marginal revenue. whenever a firm can sell an extra unit or a good by lowering price.
Expert
(i) AR and MR both decreases.(ii) MR decrease at the rate of twice than AR.(ii) MR become zero and negative but AR can never be zero.
Medium of Exchange function of money: Money as a medium of exchange signifies money as a means of the payment for exchange of services and goods. The Goods and services are exchanged for money whenever people sell things. Money is exchanged for goods
Imagine Roger is contemplating going to school to complete a masters degree in the current period while working part time instead of full time. There are six relevant periods of his work lif, periods t=0,1,2...5. HIs earnings each period if he gets the additional education are given by Yt=100+200t
When 200,000 gallons of water are applied per acre, 4 tons are harvested by each acre of linguini trees yearly, but cutting back to 160,000 gallons causes the crop per acre to reduce to 2 tons yearly. Then water elasticity of linguini production is as
A Lorenz curve which is identical to a 45 degree line by the origin indicates as: (w) perfect equality of income distribution. (x) complete inequality of income distribution. (y) unitarily elastic supplies of labor. (z) which poverty is prevalent.
This given figure demonstrates as: (w) Lorenz curve. (x) familial income distribution graph. (y) Gini curve. (z) Blanc income standard curve. Q : Monopoly a monopolist has two plants a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?
a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?
How tourism effects in an upcoming industry?
The present value of an annual income stream which goes on forever equals the annual income as: (w) times infinity. (x) divided by the wage rate. (y) multiplied by the interest rate. (z) divided by the interest rate. Q : Define progressive in taxes as Line T0 depicts a tax system which is: (1) progressive. (2) recessive. (3) proportional. (4) biased. (5) regressive. Q : Short-run supply curve and marginal Short-run supply curve of a purely competitive firm’s is the positively sloped part of the marginal cost curve which is above its: (w) average fixed cost curve. (x) resource demand curve. (y) average variable cost. (z) short-run
Line T0 depicts a tax system which is: (1) progressive. (2) recessive. (3) proportional. (4) biased. (5) regressive. Q : Short-run supply curve and marginal Short-run supply curve of a purely competitive firm’s is the positively sloped part of the marginal cost curve which is above its: (w) average fixed cost curve. (x) resource demand curve. (y) average variable cost. (z) short-run
Short-run supply curve of a purely competitive firm’s is the positively sloped part of the marginal cost curve which is above its: (w) average fixed cost curve. (x) resource demand curve. (y) average variable cost. (z) short-run
18,76,764
1922204 Asked
3,689
Active Tutors
1426085
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!