Because of producer-producer rivalry, the price will tend to:
Topic: The Production Process and Costs Quiz ( MCQ and Answer )
Producer-producer rivalry functions:
Consumer-consumer rivalry arises because of:
Consumer-consumer rivalry:
Trade will take place:
Consumer-producer rivalry occurs because of:
Which of the following is not the source of rivalry that exists in economic transactions?
Incentive plans imply:
When MB = 300 – 12Y and TC = 12Y + 108, the optimal level of Y is:
Which of the following is the incorrect statement?
Maximizing total benefits is equivalent to maximizing net benefits if and only if there are:
In order to maximize net benefits, the managerial control variable should be used up to the point where:
If marginal costs exceed marginal benefits, then:
If marginal benefits exceed marginal costs, it is profitable to:
The optimal amount of studying is determined by comparing:
Marginal benefits are the:
The value of the firm is the:
To an economist, maximizing profit is:
The higher the interest rate, the greater the
As the interest rate increases, the opportunity cost of waiting to receive a future amount:
If the interest rate is 5%, $10 received at the end of 7 years is worth how much today?
If the annual interest rate is 0%, the present value of receiving $1.10 in the next year is: