Suppose that a firm operating in perfectly competitive market sells 200 units of output at a price of $3 each. which of the following statements is correct? (i) marginal revenue equals $3. (ii) average revenue equals $600. (iii) average revenue exceeds marginal revenue, but we don’t know by how much.
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Business, 21.06.2019 17:40
Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is
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Business, 21.06.2019 22:10
You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?
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Business, 22.06.2019 10:40
At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:
Answers: 1
Suppose that a firm operating in perfectly competitive market sells 200 units of output at a price o...
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