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Вопросы по дисциплине: Теория отраслевых рынков Сбросить фильтр
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351 The movement from one equilibrium to another can take a substantial amount of …, and questions about how such movement takes place can be very interesting and important. Открыть
352 The Engel curve is a graph of the demand for one of the goods as a function of income, with all prices being held constant. Открыть
353 The market demand curve is simply the sum of the individual … curves. Открыть
354 The … price measures the price at which a consumer is just indifferent between purchasing or not purchasing a good. Открыть
355 The demand function measures quantity demanded as a function of price. The … demand function measures price as a function of quantity. A given demand curve can be described in either way. Открыть
356 The elasticity of demand measures the responsiveness of the quantity demanded to …. It is formally defined as the percent change in quantity divided by the percent change in price. Открыть
357 If the absolute value of the elasticity of demand is … than 1 at some point, we say that demand is inelastic at that point. If the absolute value of elasticity is greater than 1 at some point, we say demand is elastic at that point. If the absolute value of the elasticity of demand at some point is exactly 1, we say that the demand has unitary elasticity at that point. Открыть
358 If demand is elastic at some point, then an increase in quantity will result in a reduction in revenue. Открыть
359 The marginal revenue is the extra revenue one gets from increasing the quantity sold. The formula relating marginal revenue and elasticity is MR = p[1 + 1/E ] = p[1 − 1/|E |]. Открыть
360 If the inverse demand curve is a linear function p(q) = a − bq, then the marginal revenue is given by MR = a − 2bq. Открыть