Long run equilibrium for a perfectly competitive firm occurs when Select one: a. P MC MR ATC b. MC MR AFC ATC c. MC MR P ATC d. P MC MR ATC e. TR TC In competitive market equilibrium, the firm's: a. MR = MC and P is great...
What are the differences between the long run equilibrium of a perfectly competitive firm and the long run equilibrium of a monopolistically competitive firm? Which is more efficient? Which of the following is true of a perfectly com...
This article outlines a model in which distribution, the tax rate and growth evolve endogenously over time. When voting occurs over a tax on capital, we show that the growth rate is maximized at the political equilibrium in the long run. When voting occurs over a general income tax, we ...
Which of the following are the cases when centrifugal force occurs ___? A、Purchase fewer good from outside the region, thereby reducing the cost of trade B、The demand for labor increases C、manufacturers move from other regions to the local regions, so the profits to the local manufacture...
production and therefore raising the price level in the economy P1 -> P2. At P2Y2, where AD2 = SRAS1short-run equilibriumis reached. The distance between Y2 and Y1 is theinflationary gapthat opened. It occurs when the real output of an economy is above the potential output of the ...
Phase stability, and the limits thereof, are a central concern of materials thermodynamics. However, the temperature limits of equilibrium liquid stability in chemical systems have only been widely characterized under constant (typically atmospheric) pre
In the absence of homogeneous deformation, for example, when the onset of localization occurs, these methods are not suitable for determining materials parameters. Any imperfection or heterogeneity of the sample as well as the alignment of the testing machine–sample setup can additionally introduce ...
Nash equilibrium is a concept that maintains that when players of a game perceive that there is no benefit they can derive from changing their actions or strategies, they maintain their initial strategy throughout the game, despite that they are aware of the opponents strategy. In a game, it...
Assets like Certificate of Deposits, Commercial Papers, Treasury Bills, Bills of Exchange are used in the money market to raise the money. Answer and Explanation: False The equilibrium in the money market occurs when the total demand for money is e...
How long-run equilibrium for a perfectly competitive firm occurs? Explain and depict the long run equilibrium for a monopolistically competitive firm? Identify and explain the conditions for Long-Run Equilibrium in a perfectly compe...