--%>
Assignment Help - homework help

Minimize losses of purely competitive farm

The wholesale price per dozen roses below that such purely competitive rose farm would minimize losses through closing their operation is: (1) $3.00 per dozen roses. (2) $3.83 per dozen roses. (3) $4.00 per dozen roses. (4) $4.30 per dozen roses. (5) $5.00 per dozen roses.

278_Profits and Losses.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Tax and interest rate related problem

    If business taxes are decreased and the real interest rate increases: A) consumption and saving will necessarily increase. B) the level of investment spending might either increase or decrease. C) the level of investment spending will necessarily increase. D) the leve

    		•
  • Q : Exploitation-Competitive Markets The

    The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor

    		•
  • Q : Changes in market prices and conditions

    The model of pure competitive is intended to produce insights within how: (w) asymmetric information influences the efficiency of exchange. (x) buyers and sellers negotiate to reach contracts for goods and services. (y) markets determine equitable dis

    		•
  • Q : Problem of dockworkers on hiking the pay

    When you were in the ski boat business, your net revenues from selling given numbers of boats would be least influenced by: (i) Govt. increasing fees for boat licenses. (ii) Rises in prices for jet skis. (iii) Pay hikes for dock-workers. (iv) Vacation

    		•
  • Q : Total revenue and price variation in

    While total revenue decreases because of an increase within price the firm is operating into the_________ portion of consumers' demand curve. (1) relatively elastic. (2) relatively inelastic. (3) unitary elastic. (4) perfectly inelast

    		•
  • Q : Example of Screening Nick answers ‘help

    Nick answers ‘help wanted’ ads through making phone calls and scheduling the interviews. Whenever a prospective employer asks for queries and resume Nick regarding his references and skills, then the firms are practicing an illustration of: (i) Signaling.

    		•
  • Q : Substitution effects resulting from

    The Law of Demand mainly relies heavily on the: (1) Buying power consequences of relative price modifications. (2) Substitution effect resultant from the relative price changes. (3) Increase in opportunity costs as income is worn out. (4) Principle of the non satiety.

    		•
  • Q : Determine demand when total revenue and

    When raising ticket prices for Brad Paisley concert tickets raises total ticket revenue, in that case the demand for the concert tickets: (i) perfectly price inelastic. (ii) relatively price inelastic

    		•
  • Q : Demand of purely competitive firm for

    This purely competitive firm’s demand as in given figure for labor corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg.

    Q : Types of market in economy Types of

    Types of market in economy: There are two kinds of market in this economy: Factor market-for Factors of Production and Product market-for goods and Services.

    		•