When marginal revenue is positive for a linear (inverse) demand function, decreases in output will cause total revenues to: a. increase. b. remain unchanged. c. decrease. d. There is not sufficient information to answer the question.
Equilibrium in a monopolized market is efficient because the monopolist always produces where marginal cost equals marginal revenue. Answer true or false: A monopolist's marginal revenue is 0 whenever the price elasticity of demand is -1. True or false? In gener...
While on average a higher LF-NPC potential is linked to positive revenue and income changes, results also point at an important variability across regions with similar LF-NPC potential. This variability relates to differences in the agricultural structure of each region, such as the crop mixture ...
More generally, the literature reports that households’ electricity demand is price inelastic in the short run. The range of estimated values is relatively large, however. In the US context, Ito (2014) exploits spatial variation in electricity prices for identification, and finds the price elastici...
our paper is most closely related toGuerrieri et al. (2022). They develop a two-sector model with downward nominal wage rigidites where there is a permanent shift in demand from one sector to the other. This shock generates inflation in the sector facing higher demand, but unemployment in ...
aFor the marginal cost (MC) and average cost (AC) curve,short-term average cost curve is determined by the law diminishing marginal returns.The average curve increased and then decrease after.When MR=AR,the demand curve will be the average-marginal revenue curve and the firm will be in equ...
A cartel Is a group of firms or producers that work together to protect their interests with the sole purpose of increasing their collective profits by the means of price fixing, limiting supply or other restricted practices. This also affects the no...
When demand rises from D1 to D2, the equilibrium point goes from A to B and P2 is the established price. Because of the price which a firm use stays at P2, marginal revenue is equal to P2 at last 价格在一个纯净的竞争市场结构由需求决定,在盘区在右边能看。 当需求从D1上升到D2时,...
Expertise in research integration and implementation is an essential but often overlooked component of tackling complex societal and environmental problems. We focus on expertise relevant to any complex problem, especially contributory expertise, divided
ANS: C 28. When demand is inelastic within a certain price range, then within that price range, a. an increase in price would increase total revenue because the decrease in quantity demanded is proportionately less than the increase in price. b. an increase in price would decrease total ...