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Shagun Sampriti
Subject: Economics
, asked on 30/9/17
Draw AR and MR curves in a single diagram of a firm which can sell more units of a good only by lowering price of that good. Explain
Answer
2
Vibhav
Subject: Economics
, asked on 30/9/17
Please explain the meaning of highlighted lines:
The way that a business makes sales is also a factor in how much leverage it employs. A firm with few sales and high margins is said to be highly leveraged. On the other hand, a firm with a high volume of sales and lower margins is said to be less leveraged .
Answer
2
Vibhav
Subject: Economics
, asked on 16/9/17
In perfect competition, TR increases at a constant rate as MR=AR=constant
But can we say that slope of TR = 1 ?????
Suppose MR=AR=10
Then TR at various levels of output (1 unit, 2 units, 3 units, 4 units....) is 10,20,30,40....
In this case slope of TR = 10 then how can the angle it makes with the X axis = 45 degrees????
Answer
1
Vibhav
Subject: Economics
, asked on 14/9/17
How does the SMC curve above the SAVC curve represent the supply curve of a firm???
Answer
2
Vibhav
Subject: Economics
, asked on 14/9/17
If AR curve indicates the demand of a commodity (it is the demand curve) then which cost curve indicates the supply of a commodity???
Answer
1
Vibhav
Subject: Economics
, asked on 9/9/17
Explain the terms Normal Profits, Super Normal Profits , accounting costs , accounting profits, economic profits and economic costs explaining the differences between them
Answer
2
Vibhav
Subject: Economics
, asked on 8/9/17
TVC is the summation of MC
'The area under MC curve is equal to TVC'
Kindly give me a mathematical derivation of this formula
Answer
1
Vibhav
Subject: Economics
, asked on 6/9/17
Is Depreciation an Implicit Cost or an Implicit Cost???
Answer
1
Ujjwal Sancheti
Subject: Economics
, asked on 4/9/17
Please explain the following in layman terms.
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Answer
1
Somnath Sharma
Subject: Economics
, asked on 3/9/17
Q
How after 33 (in tp) it is increasing at decreasing rate .....mean how we know decreasing rate?
Answer
1
Palak Sharma
Subject: Economics
, asked on 2/9/17
Why AR is more elastic in monopolistic competition than monopoly...???
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 12/8/17
PLEASE CHECK THE ANSWER
q.How does the nature of a commodity influence the price elasticity of demand?
Ans Elasticity of demand of a commodity is influenced by its nature.A commodity for a person may be necessities,a comfort or a luxuries.
.when a commodity is a necessity like food grains,vegetables,medicines,etc,its demand is generally inelastic as it required for human survival and demand does not fluctuate much with change in price.
.when a commodity is a comfort like fan,refrigerator etc its demand is generally elastic as a consumer can postpone it consumption
.when a commodity is a luxury like AC,DVD player ,etc its demand generally more elastic as compared to demand for comforts
Answer
1
Vibhav
Subject: Economics
, asked on 7/8/17
It is given in On the Meritnation Study Material it is given that when AP reaches its maximum value its is equal to MP.However this does not happen in this example given on meritnation???
what is the reason behind this contradiction???
Answer
1
Vibhav
Subject: Economics
, asked on 7/8/17
how do managerial economies lead to more availability of scarce finance???
As given in the Meritnation Study Material???
Also do Internal Economies reduce cost of production/unit or overall (total) cost of production????
Answer
1
Vibhav
Subject: Economics
, asked on 7/8/17
why can't supply curve start from origin????
Answer
1
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What are you looking for?
The way that a business makes sales is also a factor in how much leverage it employs. A firm with few sales and high margins is said to be highly leveraged. On the other hand, a firm with a high volume of sales and lower margins is said to be less leveraged .
But can we say that slope of TR = 1 ?????
Suppose MR=AR=10
Then TR at various levels of output (1 unit, 2 units, 3 units, 4 units....) is 10,20,30,40....
In this case slope of TR = 10 then how can the angle it makes with the X axis = 45 degrees????
'The area under MC curve is equal to TVC'
Kindly give me a mathematical derivation of this formula
q.How does the nature of a commodity influence the price elasticity of demand?
Ans Elasticity of demand of a commodity is influenced by its nature.A commodity for a person may be necessities,a comfort or a luxuries.
.when a commodity is a necessity like food grains,vegetables,medicines,etc,its demand is generally inelastic as it required for human survival and demand does not fluctuate much with change in price.
.when a commodity is a comfort like fan,refrigerator etc its demand is generally elastic as a consumer can postpone it consumption
.when a commodity is a luxury like AC,DVD player ,etc its demand generally more elastic as compared to demand for comforts
what is the reason behind this contradiction???
As given in the Meritnation Study Material???
Also do Internal Economies reduce cost of production/unit or overall (total) cost of production????