--%>
Assignment Help - homework help

Total revenue in profit-maximizing competitive firm

Total revenue (i.e., TR=PQ) for such profit-maximizing competitive firm equals area as: (a) 0P1gq5. (b) 0P1dq4. (c) 0P2cq3. (d) P2P1de. (e) 0P2eq4.

37_Total Revenue1.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Equilibrium outputs in long-run entry

    Long-run supply curve of a purely competitive industry: (w) equals the horizontal summation of all firms’ short-run supply curves. (x) reflects equilibrium outputs after entry and exit respond completely to any shifts in demand. (y) declines as

    		•
  • Q : Profit-maximizing unregulated monopoly

    No profit-maximizing unregulated monopoly will function in the inelastic portion of the demand curve this faces since: (w) marginal revenue is negative. (x) total revenues are negative. (y) total revenue falls as less is produced. (z) marginal revenue

    		•
  • Q : Morphological attribute After the

    After the morula phase what is the subsequent stage? What is the morphological attribute which defines this phase?

    		•
  • Q : Distribution of Income before taxes and

    Income is distributed before taxes and transfers in the United States such as, in 2003 year, the lowest quintile [20%] earned around: (w) 4% of all income and the highest quintile earned over half of all income. (x) 5% as much as the highest quintile.

    		•
  • Q : Elastic Demand for Labor At existing

    At existing wages the LEAST elastic demand for the labor is most likely faced by: (i) Unskilled harvest workers. (ii) Garment workers. (iii) Assembly line workers. (iv) Dentists. Can someone please help me in findi

    		•
  • Q : Average total costs above the demand

    A profit-maximizing monopolist will necessarily incur economic losses when, at every feasible level of output as: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) average tota

    		•
  • Q : Problem on Diminishing Marginal Utility

    You obtain an A on your Economics test on Monday and decide to prize yourself with a cookie each and every day for the rest of the week. By Thursday, you do not really care for any more cookies. This best symbolizes the: (1) Law of diminishing returns (2) Income effec

    		•
  • Q : Why the slope budget line downward

    Describe why is the budget line slope downward?

    		•
  • Q : Define surplus budget Surplus budget:

    Surplus budget: When receipts of government are greater than its receipts, it is termed as surplus budget.

    		•
  • Q : Supply in short-run equilibrium When a

    When a purely competitive industry is within short-run equilibrium, this: (w) should also be in long-run equilibrium. (x) won’t be in long-run equilibrium. (y) may or may not be within long-run equilibrium. (z) will experience m

    		•