A price taker is a term given to a business that does not have influence over the price. Generally, a price taker is a firm that is part of a...Become a member and unlock all Study Answers Start today. Try it now Create a...
解析 C A firm operating as a price taker will produce quantity where MC = MR. It will maximize profit and not revenue. In the long run, it will make zero economic profits after taking into account fair return on capital.反馈 收藏
a你说亲爱的 正在翻译,请等待...[translate] a衣服不能敞开 Clothes cannot open wide[translate] aWhile a competitive firm is a price taker, a monopoly firm is a price maker. 当一家竞争企业是受价人时,独占企业是价格制作商。[translate]
What takes place to a firm in monopolistic competition when it increases its price? How is this different from a firm engaged in perfect competition? Does a firm that sets its price greater than marginal cost apply to monopolistic competition, perfec...
A. the firm has some, but not complete, control over its product price B. there is easy entry into or exit from the market place C. each firm produces a homogeneous product D. there are so many buyers and sellers in the market that any individual firm cannot affect the market ...
•Assumingthatrealincomeisconstant:–Iftherelativepriceofagoodrises,thenconsumerswilltrytosubstituteawayfromthegood.Lesswillbepurchased.–Iftherelativepriceofagoodfalls,thenconsumerswilltrytosubstituteawayfromothergoods.Morewillbepurchased.•Thesubstitutioneffectisconsistentwiththelawofdemand.PowerPointSlides...
The short-run supply curve for a firm is its MC curve above the AVC curve. Price takers will produce where price (P) equals MC. At prices below the AVC curve the firm will not be able to remain in operation. The firm is earning a normal return where P is equal to the ATC curve....
ain the wrong place 在错误地方 [translate] aCapital Surplus 资本盈余 [translate] aIn this system, 在这个系统, [translate] aMonopoly versus Competition 独占对竞争 [translate] aIs a price maker 是价格制作商 [translate] aCompetitive Firm 竞争企业 [translate] aIs a price taker [translate] ...
If a firm is a price taker in the labor market, then the value of the marginal product of labor equals ( )A.labor’s marginal product divided by the wage rate.B.labor’s marginal product.C.labor’s marginal product multiplied by the price of the final pr
解析 [答案]A [解析]The firm being described is a price taker firm in a purely competitive market. These firms must sell their product at the going market price, there are no barriers to entry, and there are a large number of firms that produce a homogeneous product....