A subsidy is defined as O a payment that must be made to the government whenever a good or service is sold. O the number of trades that are eliminated from a market when a tax is imposed. O the difference between total revenue and total cost for a business firm. a payment to either the buyer or seller of a good or service, usually on a per-unit basis, when a good or service is purchased.

A subsidy is defined as O a payment that must be made to the government whenever a good or service is sold. O the number of trades that are eliminated from a market when a tax is imposed. O the difference between total revenue and total cost for a business firm. a payment to either the buyer or seller of a good or service, usually on a per-unit basis, when a good or service is purchased.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter11: Marketing And Distribution

Section: Chapter Questions

Problem 8AA

See similar textbooks

Similar questions

Explain the relationship between Marginal Cost and last minute price deal for a holiday package with explaination and details
The SolarFarm powerplant has both fixed and variable costs. As the plant expands production, it first has constant returns to scale, and then diminishing returns to scale.(b) The government connects SolarFarm to a nearby town that is currently without electricity. Show in a new, large, graph how the market price and quantity of electricity sold change as a result.
In this method a price reduction is given to customers based on the quantity of their purchase. a. Trade b. Seasonal discount c. Quantity discount d. Quality discount
Please tell me which multiple choice are correct Excess supply in a competitive market with no interventionSelect one or more:a. Will lead to a rise in priceb. Will lead to rationingc. Will lead to diseconomies of scaled. Will lead to a fall in price
PRICE (Yen per gram) 100 90 80 70 60 40 30 20 10 0 0 0 Demand + 20 40 60 80 100 120 140 160 180 200 QUANTITY (grams of uff per month) Graph Input Tool Demand for Uff Price of Uff (Yen per gram) to eat my uff this morning, but there wasn't any Quantity Demanded DEMAND SHIFTERS Average Income -(Yen per month) Price of Tulg (Yen per gram) Price of Snick (Yen per gram) Of Suppose that the price of a gram of uff decreased from 50 yen to 40 yen. This would cause a an increase in 50 100 100 20 50 Plug any value lower than the current number into the Average Income box. A decrease in average income causes a leftward the demand curve. the demand curve and therefore When the prices of tulg or snick change, there is a shift of the demand curve for uff. The directions of these changes imply that snick and uff are , and that tulg and uff are . For example, a Hermetian might say, "I went in my fridge. So instead of having uff for breakfast, I ate some
The government extend assistance to business who had been compliant and diligent in paying taxes to the government. This is a big help to the business operations, particularly to their cost of production. How will it affect the pricing decision of these businesses a. Businesses can lower the selling price of their products or service b. Businesses can increase the selling price of their products or services c. Businesses can freeze the price and still can earn profit d. Businesses pricing decisions will not be affected at all A production function measures the relation between a. Input prices and output prices b. Input prices and the quantity of output c. The quantity of inputs and quantity of outputs d. The quantity of inputs and input prices
13. Firms in Competitive Markets The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. Which of the following statements is true about the price of fertilizer? Check all that apply. The price of fertilizer must be greater than average total cost. The price of fertilizer must be greater than marginal cost. The price of fertilizer must be greater than average variable cost. The following graphs show the cost curves faced by a typical firm, the demand for fertilizer, and possible price and supply curves. Price and Costs MC Firm ATC AVC Quantity Price No U 1 Demand If firms in the market are producing output but are currently making economic losses, market and indicates the corresponding supply curve Market Quantity 52 S illustrates the present situation for the typical firm in the
In pricing a product cost works as a floor and customer perception of the value of a product works as a guide to price a product explain this ???
What is meant by selling cost? Name one market where selling cost is applicable
Ariana Grande has just finished recording her latestCD. Her record company’s marketing departmentdetermines that the demand for the CD is asfollows:Price Number of CDs$24 10,00022 20,00020 30,00018 40,00016 50,00014 60,000The company can produce the CD with no fixed costand a variable cost of $5 per CD.a. Find total revenue for quantity equal to 10,000,20,000, and so on. What is the marginal revenuefor each 10,000 increase in the quantity sold?
Economics Which price adjustment strategy is based on how a customer's perception of a product is influenced by its price? a. By-product pricing b. Captive product pricing c. Promotional pricing d. Psychological pricing e. International pricing
A firma has market power if it cun a minimize costs. b. hire as many workers as it needs at the prevailing wage rate. c. maximize profits. d. influence the market price of the good it sells,