Consumer might want the goods a firm produces

Assignment Help Business Economics
Reference no: EM13770613

The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.

a) are two stark realities any business firm must recognize.

b) will reduce the revenue a firm receives and it should shut down.

c) is part of the process to a sustained pattern of profits.

d) means the firm has reached it shutdown point and should exit.

Reference no: EM13770613

Questions Cloud

Raise tax revenues in the long run is to cut tax rates now : President John F. Kennedy proposed a tax cut in the early 1960s. He said, "It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise tax revenues in the long run is to cut tax rates now." ..
Appropriately and determine the net effect of raising taxes : The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
What is the opportunity cost of your food truck career : Assume that you want to change careers to run a gourmet food truck - the career of your dreams. You use Chapter 7 from Everything Economics as a guide to help you to decide whether to quit your current job, in which you make $45,000 per year. Answer ..
Compounded annual rate of inflation over this time interval : Gold has recently hit record high prices. When adjusted for inflation, gold remains below a 1980 peak price of $850 per troy ounce. Suppose this 1980 price equates to $2,400 per ounce in 2014 dollars. Based on the prices of gold in 1980 and 2014, wha..
Consumer might want the goods a firm produces : The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
An increase in the reserve requirement : An increase in the reserve requirement would:
What is the dead weight loss : A profit-maximizing monopoly has pricing under the following conditions: the price charged for goods produced is $15, the intersection of the marginal-revenue and marginal-cost curves occurs where output is 105 units and marginal revenue is $10, and ..
Foreign -exchange is considered to be derived schedules : The supply and demand for foreign -exchange is considered to be derived schedules. Explain and give examples.
Opportunity cost to demonstrate potential for gains : Propose a numerical and graphical example of 2 agents w/ constant opportunity cost to demonstrate potential for gains from trade. be sure to explain the opportunity cost of the two goods for each agent, who has the absolute and comparative advantage ..

Reviews

Write a Review

Business Economics Questions & Answers

  Find the demand for l and r

Find the demand for L and R. (Hint: Use your result from part 3 and the budget constraint.) Now assume that the price of right shoes increases. What will be the substitu- tion eect from this price change? Explain.

  Explain increase in quantity of defense goods

explain increase in quantity of defense goods when there is an increase in marginal benefit.

  Qbusiness and economic forecasting please respond to the

q.business and economic forecasting please respond to the followingbullfrom the e-activity develop a regression

  Investment strategy

Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?

  With the rise of the video on demand market

With the rise of the Video on Demand market, which threat is likely to have the least impact on Netflix’s streaming service business?

  The market value of a bond will always approach

The market value of a bond will always approach its par value as its maturity date approaches, provided the bond's required return remains constant.

  The market supply curve slopes upward

The market supply curve slopes upward because:

  How many people are not in the labor force

Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many people are not in the labor force?

  long-term trend of a time series in the decomposition model

The long-term trend of a time series in the decomposition model is estimated using

  Create more revenues for government

In order to create more revenues for government, taxes should be implemented on either wealthy individuals or on the luxury items they buy (i.e. jewelry, yachts, stocks and bonds, expensive cars) because they can afford them the most.

  Elucidate a process under which the competing oligopolists

Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.

  Implications of savings and population growth

Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.

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