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Can a monopoly practice price discrimination?
The monopolist pricing condition occurs where marginal cost equals marginal revenue. The monopolist does not follow usual demand or supply curves. It instead optimises its total profit by setting its production decision (aka - how many units) to where the marginal profit of the last unit equals 0, then 'marking-up' the price by setting it directly above this equilibrium on the original demand curve. The total profit derived from this condition is called the monopolist profit.
When a second firm enters a monopolist's market what will the initial demand curve facing the monopolist do?
shift to the left.
What is the condition for equilibrium in the complete circular flow model?
Leakages = Injections
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
What does equilibrium mean?
Total amounts of products and reactants are not changing.-- Apex
How do you find a monopolist's profit maximising...?
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
Why there is need of second condition of equilibrium if a body satisfies first condition of equilibrium?
Consider two equal and opposite forces acting along different lines of the body, which causes the body to rotate, although first condition is fulfilled but body is still moving. Thus, we need another condition for equilibrium that is the second condition of equilibrium.
What is the condition that must exist in order for a body to attain equilibrium?
The equilibrium condition requires the sum of the forces on the body to be zero.
Can a monopoly practice price discrimination?
The monopolist pricing condition occurs where marginal cost equals marginal revenue. The monopolist does not follow usual demand or supply curves. It instead optimises its total profit by setting its production decision (aka - how many units) to where the marginal profit of the last unit equals 0, then 'marking-up' the price by setting it directly above this equilibrium on the original demand curve. The total profit derived from this condition is called the monopolist profit.
What are related words for balanced forces?
Equilibrium Condition.
What is the condition called when your equilibrium is off?
Vertigo
What is internal equilibrium?
The internal equilibrium is a balance condition between internal forces and the commulative integrated stresses.
First condition of equilibrium?
The first condition of equilibrium states that the net force acting on an object must be zero for the object to remain at rest or move at a constant velocity. This condition is also known as the vector sum of all forces being equal to zero.
Explain the two conditions of equilibrium?
first condition for equilibrium is that the a body is satisfy with first condition if the resultant of all the forces acting on it is zero let n numbers of the forces F1, F2,F3,.........., Fn are acting on a body such that sigmaF=0 a book lying on a table or picture hanging on the wall are at rest and thus satisfy with first condition of equilibrium a paratrooper coming with terminal velocity also satisfies first condition of equilibrium
Type of equilibrium that occurs when allel frequencies do not change?
the type of equilibrium that occurs when an allele frequencies do not change is dynamic equilibrium :)
What condition does diffusion lead in the absence of other influences?
equilibrium
What condition is achieved when molecules are evenly spread in an area?
Equilibrium
