百度试题 题目Equilibrium (均衡) in a competitive (竞争的) market maximizes (取...最大值) total surplus. A. 正确 B. 错误 相关知识点: 试题来源: 解析 A.正确 反馈 收藏
Answer to: Market equilibrium maximizes the total surplus in a market and therefore it is efficient. A) True B) False By signing up, you'll get...
So, in actuality, shortages and surpluses reduce total surplus. Therefore, total surplus is maximized when the price = the market equilibrium price.In competitive markets, only the most efficient producers can produce a product for less than the market price. Hence, only those sellers will ...
For a firm in imperfectly competitive market, total revenue rises at first before reaching a maximum level and then falls as each unit reduction in price is matched with much lesser percentage increase in sales.Answer and Explanation: Total revenue = Price per unit * Quantity sold In a market...
a. True b. False True or false? A market is in equilibrium when the number of buyers is equal to the number of sellers. True or false? The competitive market equilibrium outcome maximizes total surplus (total well-being). True or false? In a perfectly competitive ...
For example, supply chains optimised through big data analytics can reduce carbon emissions from surplus production and logistics; smart grids can improve energy efficiency and promote the use of renewable energy sources; and precision agriculture can minimise the use of fertilisers and pesticides, and...
(a) 以稅收總額佔國內生產總值的百分比來衡量,香港的稅收水平明顯低於亞太區和經合組織整體的平均數 legco.gov.hk legco.gov.hk Thetotal taxcharge comprises tax attributable to policyholders and unallocated surplus of with-profits funds, unit-linked ...
Generally, a buyer gains from a price reducation in two ways. First, the buyers get a lower price on the quantity that they would have purchased at the original higher price. Second, he or she will buy more, gaining buyer surplus on each of the additional purchases. ...
True or false? In the short run, if marginal cost is increasing, average variable cost is decreasing. 1. Consumer and producer surplus must always be equal. a. True b. False 2. The marginal cost curve is always below the average cost curve. a. True...
Question: The difference between accounting profit and economic profit is: a) explicit costs. b) implicit costs. c) total revenue. d) marginal product. Explicit Cost and Implicit Cost: Explicit costs are costs that are being recorde...