Requirement of production costs
Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope. Find out the right answer from the above options.
Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope.
Find out the right answer from the above options.
Compared to the output and price which are allocatively efficient by the vantage point of society, in that case a monopolist tends to: (w) produce less and charge a higher price. (x) maximize average profits when possible. (y) set price in the inelast
Pure competition is described by freedom of entry and exit by firms which are: (i) price discriminators and quality adjusters. (ii) price takers and quantity adjusters. (iii) owned and operated by entrepreneurs. (iv) arbitrators and p
In the market economies, resources are finally owned by the: (i) Corporations which dominate the economic activity. (ii) Proprietorships and partnerships. (iii) Business firms collectively. (iv) Individual house-holds. (v) Government acting as the social trustee.
The entrepreneur’s explicit costs would comprise: (1) Forgone interest on owner’s savings. (2) Value of entrepreneur’s labor. (3) Interest payments on the business loans. (4) Lost salaries from the entrepreneur’s preceding job.
Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (1) MR MC is maximized. (2) VMP = MFC. (3) VMP = MRP. (4) MRP = MFC. (5) VMP = w.
The form of discrimination which probably causes the smallest problems for income distribution is: (1) occupational discrimination. (2) human capital discrimination. (3) price discrimination. (4) personal discrimination. (5) employment discrimination.
Since the supply of land is fixed, then the: (w) demand for land is absolutely horizontal. (x) supply of land is completely elastic. (y) demand for land is absolutely vertical. (z) supply of land is perfectly inelastic. Q : Monopsonistic firms-Pay lower wages I I have a problem in economics on Monopsonistic firms-Pay lower wages. Please help me in the following question. Relative to the firms hiring in a competitive labor market, the monopsonistic firms tend to: (1) Hire more workers. (2) Hire labor up to a
I have a problem in economics on Monopsonistic firms-Pay lower wages. Please help me in the following question. Relative to the firms hiring in a competitive labor market, the monopsonistic firms tend to: (1) Hire more workers. (2) Hire labor up to a
I have a problem in economics on Area above price line and below individual demand curve. Please help me in the following question. When a single price is charged for each and every unit of a good, then the area above the price line however beneath an individual&rsquo
In this illustrated figure in below the only purely competitive firm currently generating economic profit is in: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. Discover Q & A Leading Solution Library Avail More Than 1446850 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1939169 Asked 3,689 Active Tutors 1446850 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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