A monopolist's marginal revenue is less than the price of its product because: (1) its demand curve is the market demand curve, so (2) to increase the amount sold, the monopolist must lower the price of its good for every unit it sells. (3) This cut in prices reduces revenue on ...
Why is marginal revenue not equal to price? Explain why the marginal revenue curve for a perfectly competitive firm is the same as its demand curve. Why is marginal revenue not equal to price in a monopoly? Why is marginal revenue equal to the average revenue and to the price...
Explain why the wage-setting (WS) curve is negatively sloped. Why is marginal revenue not equal to price? Why are the welfare implications of tariffs and quotas different? Under what circumstances are import quotas most similar to tariffs?
aAt present, there is growing interest in the area of multiplexed interferometric sensors. The primary objective of this research effort is to develop techniques that allow multiple-sensor networks or arrays to be remotely interrogated and demodulated by using a minimal number of connecting fibers. Ap...
astan coffee stan咖啡[translate] aDiscus why optimal, thirddegree price discrimination requires that marginal revenue for each group of consumers equals marginal cost. 铁饼为什么优选, thirddegree价格歧视要求边际收入为每个小组消费者合计边际成本。[translate]...
Why are marginal revenue and price equal for the perfectly competitive firm? Why is international trade a win-win game? How do the gains exceed the losses? Explain why it is not sensible to close a business firm if it earns zero economic profits. Why does the wealth maxim...
digitization, is fundamentally different from the first two because it contains the promise of significant productivity-boosting opportunities, yet the benefits have not materialized at scale. This is due to adoption barriers, lags, and transition costs such as the cannibalization of incumbent revenues....
Why is a high rate of inflation bad for the economy? Explain why globalization may well be related to long-term household wealth and the domestic velocity of money in the U.S. macro-economy. Explain why the monopsonist pays a wage rate less than labor's marginal revenue product. ...
Discretionary income is equal to disposable income minus all payments for necessities, including amortgageor rent payment, health insurance, food, and transportation. This portion of disposable income can be spent at will. Discretionary income is the first to shrink after a job loss or pay reductio...
Taxes are the primary source of revenue for most governments. Among other things, this money is spent to improve and maintain public infrastructure, including the roads we travel on, and fund public services, such as schools, emergency services, and welfare programs. ...