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Sliva [168]
2 years ago
8

For a monopolistically competitive firm, at the profit-maximizing quantity of output,

Business
1 answer:
elena-s [515]2 years ago
5 0
The rest of it will be: price equals marginal cost. But this indeed is not true. The most accepted idea is that for a monopolistically competitive firm the average revenue and price are the same quantity. Now, when a monopolistically competitive firm is in long-run equilibrium, then the marginal revenue is equal to marginal cost. 
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Suppose that a 10 percent increase in the physical capital stock increases GDP by 10 percent. Nowconsider an additional 10 perce
Artyom0805 [142]

Answer:

B. Less than 10%

Explanation:

An addition increase by 10 % in the physical capital stock (which is a factor of production consisting of man made goods like machineries and so on) will lead to a less than 10% increase in the Gross domestic product. This is due to the law of diminishing marginal utility which talks about the consumption increases marginal utility from each additional unit declines. Thus, the more the physical capital stock increases, the GDP will increase at a decreasing rate.

7 0
3 years ago
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
Ghella [55]

Answer:

The correct word for the blank space is: lower; buyers to offer higher prices.

Explanation:

In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.

5 0
3 years ago
Among the various kinds visual aids, tables are what?
pochemuha

The most difficult to construct.

6 0
3 years ago
What is the difference between real property and real estate...? real property consists of the land, while real estate consists
enyata [817]

Answer:

Real property consists of the land, land rights, and anything permanently attached to the land, while real estate consists of a structure attached to the land

Explanation:

Real estate refers to land that has a physical existence and the resources, structures are attached to it also it expands with respect to the rights of ownership and usage

While on the other hand the real property comprises fo land, rights of the land, and the thing that is permanently attached with respect to the land

Therefore the last second option is correct

6 0
3 years ago
As long as there are ____ costs, ____ profit will be greater than ____ profit.
gizmo_the_mogwai [7]

The answer is: As long as there are economic costs, accounting profit will be greater than economic profit.

Economic costs are defined as the opportunity cost incurred when processing inputs for production, while economic profit is defined as the combination between the revenue that a business entity generates and the monetary and opportunity costs that it pays.

Accounting profit, on the other hand only accounts for the monetary costs that a business entity has to pay and the revenue that it generates.

6 0
3 years ago
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