User Account

All Pages

How are prices determined under perfect competition

Assignment Help Business Economics
Reference no: EM13853222

How are prices determined under perfect competition?

Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your classification of the firm.

Reference no: EM13853222

Questions Cloud

Capital intensive and labor intensive : Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
Labor intensive-both produce under constant returns to scale : Suppose that in our economy represented by sectors A and T as described in class (A is capital intensive and T is labor intensive; both produce under constant returns to scale), there is a positive production externality (for instance knowledge spill..
Built a production possibility frontier : In class we built a Production Possibility Frontier (PPF) where each sector exhibits constant returns to scale technology and where sectors use deferent capital-labor ratio. Suppose now that both sectors exhibit increasing returns to scale.
About the medical treatment : A stranger approaches you in the hospital parking lot and identifies himself as a lawyer who would like to help people and he would like to give you some of his business cards to hand out to patients who are not happy with their medical treatment; he..
How are prices determined under perfect competition : How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your class..
About the quality of hotels it doesnot own but franchises : An article in the Wall Street Journal reported that large hotel chains, such as Marriott, are tending to reduce the number of hotels that they franchise to outside owners and increase the number the chain owns and manages itself. Why would Marriott w..
Using the debt-relief laffer curve : Using the debt-relief Laffer curve, make the case that debt relief can be in the best interest of both the developing and developed countries.
What is the effective annual interest rate for the loan : If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four quarterly payments of $1,500 during the second year after receiving the $7,000 loan, what is the effective annual interest rate for the loan?
Impact of act on society-individuals-healthcare costs : you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate ..

Reviews

Write a Review

Business Economics Questions & Answers

  Qyour bike is worth 200 and if you park it outside on

q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is

  What steps would you take to maximize divisions performance

Peak Industries' sales division employs twenty-seven (27) sales people who call on 1,400 customers nationwide. Total annual sales are $15.8 million. What steps would you take to maximize the division's performance?

  Qhappy bank initiates with 200 in bank capital after that

q.happy bank initiates with 200 in bank capital. after that it takes in 800 in deposits. it keeps 12.5 percent of 18th

  Explain how would you rank them and why

if possible, your most preferred to least preferred type of shock: positive demand shock, negative demand shock, positive supply shock, negative supply shock. Explain how would you rank them and why.

  What is the break-even level of income

Assume that when an economy has a GDP of $500, Consumption is $550. The MPC is .75. Investment is 25. Begin the problem by setting up an Income/Consumption Schedule like the one on page 190 of your text. What is the Break-Even level of Income? What i..

  Return on assets and debt-to-equity ratio

A bank has a net income (after taxes) of $3.5 million; assets of $150 million; and bank capital of $12.5 million. What is the bank’s (i) return on equity; (ii) return on assets; and (iii) debt-to-equity ratio? Show your work.

  Factory in the united states be treated in gdp accounting

How would the value of output produced at an American-owned factory in the United States and a foreign-owned factory in the United States be treated in GDP accounting?

  What are the levels of income every worker

Illustrate what are the levels of income every worker also consumption every worker at the initial period. Remembering that the change in the capital stock is investment less depreciation.

  Government intervene in the economy

Why does the government intervene in the economy? Should they and what would the impact be if they did not?

  Qa firm is considering two business projects project a will

q.a firm is considering two business projects. project a will return a loss of 45 if conditions are poor a profit of 35

  Uncertainty and insurance

Uncertainty and Insurance: You own a house and have a utility function equal to in which x1 represents your total wealth in a state of nature in which your house is still standing, and x2 represents your total wealth in a state of nature in which you..

  Q1 explain how is the transfer cost s of an intermediate

q1. explain how is the transfer cost s of an intermediate product find out d whena there is no exterior market for

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