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.
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(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.
Comparing supply curves S2 and S3, supply is: (w) more price elastic along S2 than along S3. (x) more price elastic along S3 than S2. (y) equally elastic along both when they have simil
Marginal revenue: This is the change in total revenue by selling one more or a lesser amount of unit of commodity.
When the wholesale price P = $8 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushel of peaches at a total economic of profit or loss of $___. (i) zero; loss; -$4,000. (
The prospects for getting rich by buying assets at prices substantially below their present values are dampened by the: (w) special advantages you have in securing investment information. (x) lack of competition for information regarding profit opport
I have a problem in economics on Derived Demand for resources. Please help me in the following question. As demands for the resources ultimately based on consumer’s demands for goods then the demand for labor is: (1) Termed as a derived demand.
Types of Cost: A) Direct costs: clearly chargeable to a work package: labour materials equipment other Q : Total fixed cost in competitive firm This competitive firm's fixed cost or TFC in demonstrated can be computed as area as: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P2eq4. (v) aced. Q : What is Interest Rate Price Risk Interest Rate Price Risk: The risk which occurs for bond owners from fluctuating interest rates is termed as interest rate risk. How much interest rate risk a bond has based on how sensitive its price is to interest rate modifications.
This competitive firm's fixed cost or TFC in demonstrated can be computed as area as: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P2eq4. (v) aced. Q : What is Interest Rate Price Risk Interest Rate Price Risk: The risk which occurs for bond owners from fluctuating interest rates is termed as interest rate risk. How much interest rate risk a bond has based on how sensitive its price is to interest rate modifications.
Interest Rate Price Risk: The risk which occurs for bond owners from fluctuating interest rates is termed as interest rate risk. How much interest rate risk a bond has based on how sensitive its price is to interest rate modifications.
is price in the law of demand an absolute or relative price
If there are significant economies of scale in an industry, then: A) a firm that is large may be able to produce at a lower unit cost than can a small firm. B) a firm that is large will have to charge a higher price than will a small firm. C) entry to that industry wi
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