Consumers will not benefit from advertising until it becomes successful.
A: and the producer lowers the price
B: with mass production.
C: before a new market has been created.
D: or the manufacturer has recovered the cost.
A: and the producer lowers the price
B: with mass production.
C: before a new market has been created.
D: or the manufacturer has recovered the cost.
举一反三
- Producer surplus is equal to: A: the difference between the highest market price consumers are willing to pay for a product and the minimum amount producers are willing to accept for that product. B: the difference between the market price consumers are willing to pay for a product and the actual price they pay. C: the price a producer receives for a product minus the marginal cost of production. D: the economic profit earned from the sale of a good, minus its marginal cost of production.
- Who will be prevented from buying the good A: Some consumers who also estimate the value of the good at more than the marginal cost of production. B: Some consumers who estimate the price of the good at more than the marginal cost of the production. C: Some consumers who have a high opinion of the good at more than the marginal cost of the production. D: Some consumers who estimate the worth of the good at more than the marginal cost of the production.
- When a manufacturer maximizes profits in a competitive market, the market price must be equal to the average cost.
- Which statement about Xiaomi’s global market is NOT true A: In 2019 the revenue coming from global market didn’t surpass that from the mainland of China. B: Xiaomi tops India’s smartphone market. C: Xiaomi has been very successful in the Brazilian market from the beginning. D: Xiaomi has ambitious plans of global expansion.
- Assume a market is perfectly competitive. When a new producer enters the market, the A: price in the market increases. B: price in the market decreases. C: price in the market does not change. D: market is no longer a competitive market.