Electric power industry

Assignment Help Business Economics
Reference no: EM137493

Q. Select two of the following topics to discuss within the discussion thread:

1. Converse how average cost narrates to the concept of 'economies of scale.'

2. Converse why the average cost curve is U-shaped in the long-run also references the Better Steel Corporation as an example.

3. If for a scrupulous firm, the average cost of producing the product reaches a minimum at such an production level that it is large enough to satisfy the product demand of the entire market as well as this firm is experiencing economies of scale, what does it have an obvious incentive to do as well as why?

4. If there are several such firms in bazaar, is economic warfare likely to result as well as why?

5. What is main likely outcome of such economic rivalry?

6. In such cases where economies of scale lead to a monopolistic market structure are measured examples of "natural monopolies." Clarify how such a monopoly is considered 'defensible?'

7. Discuss reasons the public might have for insisting that the government regulate natural monopolies.

8. The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.

Reference no: EM137493

Questions Cloud

Monopoly over operating systems : Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
What is the possible solution to the situation : How should the difference in canopy cover affect growth rates? How will the height of the trees at each site affect their response to changes in primary productivity? The authors suggest that primary productivity was increasing during the late 1970s ..
Industrial breakthrough raises a countrys total factor : Show how the answer depends on the shape as well as location of the supply as well as demand curves.
Explain what salisbury means : Explain what Salisbury means when he claims that many groups have "come to Washington out of requirement and dependence rather than since they have influence." Do you agree or disagree and Why.
Electric power industry : The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.
Discuss the opinion of this explanation : Some mortgage company leaders have said that providing subprime mortgages was based on a noble purpose of giving poor people a chance to participate in the American dream of home ownership. Discuss the opinion of this explanation.
Economic indicators the federal reserve : Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
The best describes the effect of huberts stress : Hubert is unclear about his duties on the new project and feels stressed with the role ambiguity. He has decided to simply put off the project and dedicate himself to other tasks. Which of the best describes the effect of Hubert's stress.
Government is going to supply a subsidy : Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.

Reviews

Write a Review

Business Economics Questions & Answers

  Advice to a manager concerning

What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital.

  Yolandas frozen yogurt

Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.

  Tit-for-tat strategy

Illustrate the way in which market forces shape the organizational responses using a range of examples.

  Hire a new person in the marketing department

Choose whether to hire a new person in the marketing department or upgrade your computer system.

  Smoothie plus travel cost

Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.

  Analysis of caribbean economic state

Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.

  Marginal rate of substitution

What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.

  Issues of regressive and progressive taxation

How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.

  Technological change leads to the development

A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.

  Variation affect corporations and people

Illustrate now have to lend out how much does this bank if it decides to hold only required reserves.

  Find the sub game perfect equilibrium

Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.

  Federal funds rate

How is this shifting of AD curve going to affect the price level and output level of the economy.

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!

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