User Account

All Pages

Economic profits are zero in the long run

Assignment Help Business Management
Reference no: EM131956883

Indicate whether the following statement is TRUE or FALSE and explain your answer: Since firms in perfect competition can enter and exit the market in the long run, their economic profits are zero in the long run.

Reference no: EM131956883

Questions Cloud

Use of coupons by grocery stores : Darnell and Janet are debating the use of coupons by grocery stores. Darnell says, "The use of coupons in grocery stores represents a means of price
Perfectly competing supermarkets : A small town is served by many perfectly competing supermarkets, which have constant marginal cost.
Use the same criteria as that used for the firm ceo : your committee was asked to set the compensation for the three division managers, would you use the same criteria as that used for the firm’s CEO?
Describe how you will use electronic recruitment methods : Identify which recruitment sources you will use and describe why you will be using these sources. Describe how you will use electronic recruitment methods.
Economic profits are zero in the long run : Since firms in perfect competition can enter and exit the market in the long run, their economic profits are zero in the long run.
What attributes do they have to be considered perfectly : Write down some examples of industries that are (close to) perfectly competitive. What attributes do they have to be considered perfectly competitive?
Which would make more financial sense : Commit to buy a vacation home in the climate of your choice, rent the home out when you are not using it, or sign a five-year lease for the home.
Horizontal demand curve : Draw and scan a cost curve and using those costs show on your graph using a horizontal demand curve of where the output with a firm in perfect competition
Generate good return on investment at reasonable : Develop an idea for a new product or service that has the potential to generate a good return on investment at reasonable

Reviews

Write a Review

Business Management Questions & Answers

  Healthcare manager utilize this measurement tool

What is benchmarking, and how do you do it? How would you as a healthcare manager utilize this measurement tool?

  Explain how many shares of stock must be sold for the bread

the administrative costs are $395,000 and the offer price is $26 per share. Explain how many shares of stock must be sold for The Bread Basket to receive the total funds it desires?

  Functionality of traditional hmo utilization management

The gatekeeper role is critical to the functionality of traditional HMO utilization management. How could an HMO best use its resource and minimize negative customer reveberations? What is your definition of the ideal healthcare system?

  Deliver a brief overview of the company

Deliver a brief overview of the company as well as why the country you selected may be a potential market. What kind of political as well as legal systems does the country have?

  Calculate the total cost of direct material

1. Calculate the total cost of direct material and conversion occurred during April.

  An overview description of the elements of a value tree

An overview description of the elements of a value tree - A description of each element item shown on your value tree

  Write an article to describe points

Select a real / hypothetical company of your choice then write an article to describe these points

  Applying the scientific method

You have been asked to investigate a fire that occurred at a residential home. The fire originated in the kitchen.

  Explain how has bmw achieved continuity of brand message

Explain How has BMW achieved continuity of brand message without alienating existing customers and encouraging new Mini purchasers?

  Explains how leaders can implement it to effect change

Pick three of the eight-step change theory components and give an example for each step that explains how leaders can implement it to effect change.

  Explain what scale individuals evaluate servant leadership

Explain on what scale individuals or society evaluate servant leadership? Do we expect servant leadership to appear in education? Are we not surprised Servant leader appears in the education context or is it simply how we are framing our expectati..

  Display the wind chill temperature index

Write a Python program to display the wind chill temperature index. First perform the appropriate calculations and display the corresponding wind chill temperature index:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd