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Tags
#2-1-3-economic-rent #2-1-types-of-profit-measures #cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-2-objectives-of-the-firm #study-session-4
Question
P1 is the price level that yields a [...] to the business that supplies the item.
When demand increases from Demand1 to Demand2, price rises to P2, where at this higher price level [...] is created.
When demand increases from Demand1 to Demand2, price rises to P2, where at this higher price level [...] is created.
Answer
normal profit
economic rent
The firm has not done anything to get it: It benefits from an increase in demand in conjunction with a supply curve that does not fully adjust with an increase in quantity when price rises.
economic rent
The firm has not done anything to get it: It benefits from an increase in demand in conjunction with a supply curve that does not fully adjust with an increase in quantity when price rises.
Tags
#2-1-3-economic-rent #2-1-types-of-profit-measures #cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-2-objectives-of-the-firm #study-session-4
Question
P1 is the price level that yields a [...] to the business that supplies the item.
When demand increases from Demand1 to Demand2, price rises to P2, where at this higher price level [...] is created.
When demand increases from Demand1 to Demand2, price rises to P2, where at this higher price level [...] is created.
Answer
?
Tags
#2-1-3-economic-rent #2-1-types-of-profit-measures #cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-2-objectives-of-the-firm #study-session-4
Question
P1 is the price level that yields a [...] to the business that supplies the item.
When demand increases from Demand1 to Demand2, price rises to P2, where at this higher price level [...] is created.
When demand increases from Demand1 to Demand2, price rises to P2, where at this higher price level [...] is created.
Answer
normal profit
economic rent
The firm has not done anything to get it: It benefits from an increase in demand in conjunction with a supply curve that does not fully adjust with an increase in quantity when price rises.
economic rent
The firm has not done anything to get it: It benefits from an increase in demand in conjunction with a supply curve that does not fully adjust with an increase in quantity when price rises.
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Economic rent
ng the resource or good onto the market and sustain its use . Demand determines the price level and the magnitude of economic rent that is coming from the market. Exhibit 1 shows it. P 1 is the price level that yields a <span>normal profit to the business that supplies the item. When demand increases from Demand 1 to Demand 2 , price rises to P 2 , where at this higher price level economic rent is created.
Economic rent
ng the resource or good onto the market and sustain its use . Demand determines the price level and the magnitude of economic rent that is coming from the market. Exhibit 1 shows it. P 1 is the price level that yields a <span>normal profit to the business that supplies the item. When demand increases from Demand 1 to Demand 2 , price rises to P 2 , where at this higher price level economic rent is created.
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
Details
No repetitionsDiscussion
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