Related InterviewSolutions

• The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?1). Macroe conomics2). Econometrics3). Microeconomics4). Heterodox Economics
• For a price taking firm, average revenue is ______ market price.1). half of2). equal to3). double of4). less than