Competition the revenue depends on the price

Assignment Help Business Economics
Reference no: EM131756769

Can you help to solve this exercise THANKS

1. A monopoly faces :

a. A change in demand less proportional to a change in price.

b. A change in demand more proportional to a change in price.

c. A change in demand equal to a change in price.

Choose the correct one :

a. In monopoly the total revenue is defined by the price which depends on the quantities minus the quantities produced whereas in a situation of pure and perfect competition the revenue depends on the price and the quantities.

b. In monopoly the total revenue is defined by the price which depends on the quantities to which one associates the quantities produced whereas in situation of pure and perfect competition the revenue depends on the price and the quantities.

c. In monopoly the total revenue is defined by the price which depends on the quantities plus the quantities produced whereas in a situation of pure and perfect competition the revenue depends on the price and the quantities.

Reference no: EM131756769

Questions Cloud

Provide an evaluation of the efficacy of using telehealth : In your initial post, provide an evaluation of the efficacy of using telehealth with mild, moderate, and severe mental health disorders.
Democrat candidate and a republican candidate : Consider a recent Senate election between a democrat candidate and a republican candidate. Each candidate can choose to use positive campaign advertisements
What influence the development of mental illness : Write a brief description of one variable that contributes to risk and resilience of clients. Then explain why this variable is important to client diagnosis.
What method of inventory valuation does ipgp use : What method of inventory valuation does IPGP use for accounting purposes? (Refer to Note 1 in the Notes to the Financial Statements.)
Competition the revenue depends on the price : In monopoly the total revenue is defined by the price which depends on the quantities minus the quantities produced whereas in a situation
Compare and contrast the different cultures : Explain why you picked the different culture that you are researching. How do you interact with that culture on a regular basis?
What amount of differential would paris amortize : On December 31, 20X5, Paris Corporation acquired 60 percent of Sanlo Company's common stock for $180,000. At that date, the fair value of the noncontrolling.
Prepare a npv analysis of each proposed contract option : Problem - Capital Budgeting; Contract Evaluation, Prepare a NPV analysis of each proposed contract option using a 10% required rate of return
Find the free trade equilibrium quantity of exports : Its excess supply curve is given by P=100+4X. The world price ratio Px/Py is P=200. It is suggested, but not required, that you use a graph

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd