11-26-2011, 08:21 PM
Q:1
why monopolists produce lower quantities at higher prices compared to perfectly competative firms?
Q:2
draw indefference curve for two commodities apples and oranges.
Q:3
(A)
why a marginal revenue and price are equal under perfect competition
(B)
from information given below
TR=25Q-Q2
calculate marginal revenue and the slop of marginal.
Q:4
If a consumer facing some budget constraint and having many indifference curves then what will be the optimum point where he can maximize his utility?
also draw the diagram.
why monopolists produce lower quantities at higher prices compared to perfectly competative firms?
Q:2
draw indefference curve for two commodities apples and oranges.
Q:3
(A)
why a marginal revenue and price are equal under perfect competition
(B)
from information given below
TR=25Q-Q2
calculate marginal revenue and the slop of marginal.
Q:4
If a consumer facing some budget constraint and having many indifference curves then what will be the optimum point where he can maximize his utility?
also draw the diagram.
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