A firm that makes profit in addition to normal profit is making ?

Related Mcqs:

The price of computer chips used in the manufacture of personal computers has fallen. This will lead to _________ personal computer?

A. a decrease in the quantity supplied of B. a decrease in the supply of C. an increase in the quantity supplied of D. an increase in the supply of...

For an inferior good ?

A. The price elasticity of demand is negative: the income elasticity of demand is negative B. The price elasticity of demand is positive the income elasticity of demand is negative C. The price elasticity of demand is negative the income elasticity of demand is positive D. The price elasticity of demand is positive the income … For an inferior good ?Read More...

The Setrite Corporation produce chairs. An economist working for the firm predicts that if people’s incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economist’s prediction depends on whether the chairs Setrite Produce ?

A. have few substitutes. B. are normal goods C. have few complementary goods. D. have many complementary goods....

A fall in price ?

A. Will cause an inward shift of demand B. Will cause an outward shift of supply C. May be caused by a fall in demand D. Leads to a higher level of production...

The extra utility from consuming one more unit of a good is called ?

A. Marginal utility B. Additional utility C. Surplus utility D. Bonus utility...