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Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?
Wiki User
∙ 11y ago
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
Wiki User
∙ 11y ago
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What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
How will equilibirium be determined under discriminating monopoly with two markets?
It will be so because it will not achieve a social equilbrium of marginal benefit (demand) = marginal cost (supply). It will instead set a private profit equilibrium where private benefit (marginal revenue) = marginal cost and thus create a deadweight inefficiency equal to the difference in total social surplus between the regions.
How much is a generic monopoly game?
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
What is consumer equilibrium under cardinal approach?
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
A Under equilibrium conditions and T 0 K what is the probability of an electron state being occupied if it is located at the fermi level?
one
Discuss the conditions under which you would expect apomixes to evolve?
This is not a question, it is a home work assignment. do your home work for you.
Briefly explain the concept of comparative static derivatives?
comparative statics is a comparative study of economic conditions at two equilibrium positions under two static conditions at two different points in time. in a comparative static analysis, in fact, we are comparing the equilibrium values of the system corresponding to the two equilibrium positions with one another. this sort of comparative analysis of two equilibrium positions may be described as comparative static analysis.
What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
Credit policy of a company is criticized because the bad debts losses have increased considerably and the collection period has also increased discuss under what conditions this criticism may not be j?
Credit policy of a company is criticized because the bad debts losses have increased considerably and the collection period has also increased discuss under what conditions this criticism may not be justify?
Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
What island is under Sicily?
Monopoly Island
How will equilibirium be determined under discriminating monopoly with two markets?
It will be so because it will not achieve a social equilbrium of marginal benefit (demand) = marginal cost (supply). It will instead set a private profit equilibrium where private benefit (marginal revenue) = marginal cost and thus create a deadweight inefficiency equal to the difference in total social surplus between the regions.
What does friar Lawrence express in scene 6?
I have one fear in life which I do not discuss with anyone. Under any conditions i do not want to get married to a person whom I do not love.
What are the ratings and certificates for Under the Boardwalk The Monopoly Story - 2010?
Under the Boardwalk The Monopoly Story - 2010 is rated/received certificates of: USA:G (certificate #46320)
How much is a generic monopoly game?
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
What is consumer equilibrium under cardinal approach?
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
