Question No. 21 Marks - 10 In perfect competition, a firm maximizing its profits will set its output at that level where Options a.Average variable cost = price b.Marginal cost = price c.Total cost = price d..Average fixed cost = price

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In perfect competition, a firm maximizing its profits will set its output at that level where Marginal cost = price.

Expert answered|matahari|Points 23857|

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Asked 4/27/2016 6:11:44 AM

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Which of the following statements is false? Options a.An increase in tax will affect the customers more than the producers if the supply schedule is inelastic. b.An increase in tax will affect the customers more than the producers if the demand schedule is inelastic. c.An increase in tax will affect the customers less than the producers if the demand schedule is inelastic. d.Both (1) and (3) above.

Weegy: Inelastic is an economic term used to describe the situation in which the supply and demand for a good are unaffected when the price of that good or service changes. Read more: User: In the cash flow statement, cash is defined as: Options a.Quick assets b.Literal cash on hand or on demand deposit, plus cash equivalents. c.Literal cash on hand or on demand deposit, plus marketable securities. d.All of the above Weegy: In the cash flow statement, cash is defined as - - Literal cash on hand or on demand deposit, plus cash equivalents. User: Which of the following statements is true? Options a.Elasticity of demand is constant throughout the demand curve. b.Elasticity of demand increases as one goes down the demand curve. c.Elasticity of demand decreases as one goes down the demand curve. d.The price and total revenue move in the same direction when demand is elastic (More)

Question|Asked by rani100nupur@gmail.com

Not Answered

Updated 11/19/2021 7:04:50 PM

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emdjay23

The following statements is true: elasticity of demand is constant throughout the demand curve.

Added 11/19/2021 7:04:50 PM

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Question No. 16 Marks - 10 A prospectus is issued- - Options a.By a Private LImited Company b.By a Public Limited Company c.By a Company limited by Guarantee d.None of these

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Question|Asked by rani100nupur@gmail.com

Updated 4/24/2016 7:20:12 PM

1 Answer/Comment

sacha

A prospectus is issued by a Public Limited Company.

Added 4/24/2016 7:20:12 PM

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Confirmed by yumdrea [4/24/2016 7:38:50 PM]

If marginal product is negative, it means that the Options a.Total product is at maximum b.Average product is at maximum c.Average product is falling d. Average product is negative

Weegy: If marginal product is negative, it means that the Average product is falling. User: Which of the following curves is called envelope curve? Options a.Long run total cost curve b.Long run average total cost curve c.Long run marginal cost curve d.Long run average variable cost curve (More)

Question|Asked by rani100nupur@gmail.com

Not Answered

Updated 5/18/2023 9:31:47 AM

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Wallet.ro

Long run average cost curve is called envelope curve.

Added 5/18/2023 9:31:47 AM

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The efficiency of OTC products is checked by- Options a.Retailers only b.Consumers only c.Manufacturers only d.Distributors only

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Question|Asked by rani100nupur@gmail.com

Updated 4/27/2016 11:22:14 PM

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matahari

The efficiency of OTC products is checked by Manufacturers only.

Added 4/27/2016 11:22:14 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [4/28/2016 1:34:17 AM]

When, before the contract becomes due for performance, the promisor declares his intention of not performing his promise, it is called- - Options a.Remission b.Waiver c.Alteration d.Anticipatory breach

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Question|Asked by rani100nupur@gmail.com

Updated 4/23/2016 5:38:33 AM

1 Answer/Comment

Rossbern

When, before the contract becomes due for performance, the promisor declares his intention of not performing his promise, it is called Anticipatory breach.

Added 4/23/2016 5:38:33 AM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [4/23/2016 5:52:19 AM]

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