Microeconomics

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The goal of managers is to manage resources in such a way A) to make them worth as much as they ... Started by @Brianna17	1 Replies 117 Views	Jun 30, 2018 by tuwy
Profits are maximized when A) added costs are equal to added revenue. B) costs equal revenue. C) ... Started by Melani1276	1 Replies 111 Views	Jun 30, 2018 by strudel15
Profits are maximized when A) price equals marginal revenue. B) marginal revenue equals average ... Started by pragya sharda	1 Replies 258 Views	Jun 30, 2018 by otokexnaru
If marginal revenue exceeds marginal costs A) production should be increased. B) production should ... Started by cabate	1 Replies 109 Views	Jun 30, 2018 by IRincones
If marginal revenue is less than marginal costs A) production should be decreased. B) production ... Started by mwit1967	3 Replies 114 Views	Jun 30, 2018 by Meganchabluk
If the marginal cost of flying the next flight is zero and one passenger is on the plane and has ... Started by itsmyluck	1 Replies 136 Views	Jun 30, 2018 by Dominic
If the average cost of flying the next flight is zero and one passenger is on the plane and has paid ... Started by Deast7027	1 Replies 120 Views	Jun 30, 2018 by mariahkathleeen
A market with a single seller is called A) perfectly competitive. B) monopolistically competitive. ... Started by cmoore54	1 Replies 117 Views	Jun 30, 2018 by memslove
A market with a few large sellers is called A) perfectly competitive. B) monopolistically ... Started by captainjonesify	1 Replies 66 Views	Jun 30, 2018 by yuyiding
A market that mainly stresses product differentiation is called A) perfectly competitive. B) ... Started by tatyanajohnson	1 Replies 74 Views	Jun 30, 2018 by covalentbond
A market of price takers is called A) perfectly competitive. B) monopolistically competitive. C) ... Started by storky111	1 Replies 145 Views	Jun 30, 2018 by leannegxo
A market with easy entry could include A) perfect competition. B) monopolistic competition. C) ... Started by clmills979	1 Replies 135 Views	Jun 30, 2018 by tdewitt
The phrase price-taker means A) that market price is independent of the output of a single firm. ... Started by Zulu123	3 Replies 200 Views	Jun 30, 2018 by tuate
The market demand curve is ____ and the demand curve for a single firm in a competitive market is ... Started by yoooooman	1 Replies 173 Views	Jun 30, 2018 by nixon_s
Entry causes ____ to increase and a firm's demand curve to ____. A) quantity supplied, fall. B) ... Started by nenivikky	1 Replies 87 Views	Jun 30, 2018 by sarah_brady415
Monopolies have ____ substitutes. A) many B) few C) no D) several but less than ... Started by jeatrice	1 Replies 59 Views	Jun 30, 2018 by ilianabrrr
Over the long run, monopolies can earn A) economic profit. B) normal profit only. C) accounting ... Started by stock	1 Replies 135 Views	Jun 30, 2018 by Jmfn03
In a monopoly, consumer surplus is A) larger than under perfect competition. B) is equal to that ... Started by natalie2426	1 Replies 85 Views	Jun 30, 2018 by mceravolo
Monopolistic competition is characterized by A) ease of entry. B) many sellers. C) product ... Started by roselinechinyere27m	1 Replies 75 Views	Jun 30, 2018 by tennis14576
In an oligopoly A) there are many firms. B) there is one firm. C) there are few firms. D) ... Started by hubes95	1 Replies 116 Views	Jun 30, 2018 by HandsomeMarc
Firms in an oligopoly A) act independently. B) engage in strategic behavior. C) have perfect ... Started by mrsjacobs44	3 Replies 95 Views	Jun 30, 2018 by SAUXC
When a firm is a price maker A) price is equal to marginal revenue. B) price is greater than ... Started by DelorasTo	1 Replies 165 Views	Jun 30, 2018 by brbarasa
In order to maximize profits A) the derivative of total revenue with respect to quantity must be ... Started by newbem	1 Replies 90 Views	Jun 30, 2018 by SVictor
Firms want to capture consumer surplus. Indicate whether the statement is true or ... Started by awywial	1 Replies 71 Views	Jun 30, 2018 by JaynaD87
Value pricing stresses the importance of product differentiation. Indicate whether the statement is ... Started by naturalchemist	1 Replies 67 Views	Jun 30, 2018 by hanadaa