Question

the good in y good rateer tha ncessity for the gnod Di all of the other aleng a production penibilities curve, the oppersunity Cuuriery nj is measured in dotlar good hatust b by the smoand of the es u A) there is ai its profit by preducing )where ATC equals P C) shere MC equals ATC Ri there i a D) the demand curve or a normal good shifte rightward A) many tnyors and many sellens ood shift i) reduce it de its profit A) incurring an ccomusri s B) many sel, but there might be only one or rwo bers C) maay buyers, but there might be only one or two se D) making a mis prifit A) ge thae 3) less than marginal cot C) equal to C) thee is not enough infrmation to anwer the qutin cost A) do not enist B) apply to labur but not to capital C) apply to bodh capital aud laborDi apply to capital but not to labor B) above the markat pirioe A) helow the mariket price. C) below the market price if as supply curve is inclastic and above the market proce ifi supply curve in elastic D) at the matkrt price K. If the demand curve falle helow the ATC curve but lies above AVC, then the firm A)0, the demanid curve is o B) 0, tue demand curve is verrical C) ihe demand curve is vertical. D) , de dem alid curve tabuntotal in price resuits in a 3 percest increase in the quantity B) Operate is dhe short run but not the long run D) Operate in the short run and the long run A) Should slaut down supplied, the elasticity of supply is C) Set price-marginal cos D)030 17. A perfecty competitive firm will have an economic profit of sero if, at its prut masimizing output, its marginal revenue equals its A) marginal co C) average totul cost output is A) less than B) avernge variable cost D) average fixed co. B) equal to zero. C) infinte

Answer 1

1. Option C, It explains on impact of ceilings at an individual level, whereas all of the other factors explains about macro-economic level
2. Option D.
3. Option C. It is the amount of good that must be sacrificed to get other good
4. Option C, as it would reduce the demand
5. Option A
6. Option A
7. Option D. It is at the intersection of demand and supply curve
8. Option B. It needs to operate in short run hoping for the demand to increase
9. Option C
10. Option B. It is at the intersection of MC=MR
11. Option D
12. Option A
13. Option D
14. Option A, because of pricing power
15. Option A
16. Option A, Es=3/5 = 0.6