User Account

All Pages

Market participants face identical prices

Assignment Help Microeconomics
Reference no: EM13106473

ENVIRONMENTAL ECONOMICS OR MICROECONOMICS

1. Describe why alternative efficient allocations may have different total levels, and different distributions, of wealth.

2. Explain how the three assumptions of perfect competition, when satisfied, ensure that all market participants face identical prices. Do these assumptions hold in the real world?

Reference no: EM13106473

Questions Cloud

Compute theoretical maximum channel capacity-telephone lines : Given the narrow (usable) audio bandwidth of the telephone transmission facility, nominal SNR of 56 dB (400,000), and a distortion level of
How to select the target parameters : A study reported in "Inside Higher Education News" (May, 2006) found that financial incentives can improve low-income college students' grades and retention.
Which point is at the higher potential : A particle with a charge of -1.5uC and a mass of 2.5x10-6 kg is released from rest at point A and accelerates toward point B, arriving there with a speed of 42 m/s. The only force acting on the particle is the electric force. (a) Which point is at..
Description of z score : You have an observed mean of 55, an observed standard deviation of 12. Which Z value is associated with each raw score below?
Market participants face identical prices : Describe why alternative efficient allocations may have different total levels, and different distributions, of wealth.
What is the total charge on the three spheres : For the following questions, express your answers in terms of q. (a) How much charge ends up on sphere C? (b) What is the total charge on the three spheres before they are allowed to touch each other? (c) What is the total charge on the three sphe..
Aptitude test scores of two groups of freshman students : The mean score for freshman on an aptitude test at a certain college is 800 with a standard deviation of 50. That is the probability that two groups of students selected at random, consisting of 36 and 49 students, respectively, will differ in the..
Distinguishe the different kinds of assessments : Create the chart (matrix) of 1000-1,250 words which distinguishes the different kinds of assessments, the characteristics of each, and for what circumstances each is best suited.
What is the magnitude of the maximum gravitational force : A bowling ball (mass = 7.2 kg, radius = 0.15 m) and a billiard ball (mass = 0.32 kg, radius = 0.028 m) may each be treated as uniform spheres. What is the magnitude of the maximum gravitational force that each can exert on the other?

Reviews

Write a Review

Microeconomics Questions & Answers

  Determining average sales and equilibrium

Ajax, Inc. has appointed you to examine the demand for its line of telecommunications devices in 35 different market areas.

  Computing profit maximizing price of seasonal passes

Monopoly Rinks is the only ice skating facility in Mapleville. The next closest rink is about 100 miles away. It has determined that its demand curve is

  Explain the effect on dollar

Suppose that the euro zone is the home "country" and the US is the foreign country, which means that exchange rate, which has the dimensions of local currency per unit of foreign currency, is in units of euros per dollar.

  Price effects-changes in elasticity of demand

You decided to open a restaurant, named FunMeal. FunMeal is a fast food restaurant with a very limited menu. What is FunMeals elasticity of demand? Is demand elasticity, inelastic, or neither?

  How information systems are changing several aspects

Explain how data systems are changing several aspects of the accounting profession. Include a description of a variety of new technologies and their effects on accounting processes.

  Information about equilibrium price and output

The switch to the use of HFCS from sugar in soft drinks was prompted in large part by its relatively lower price. Assuming a competitive market, what effect would this change have on the equilibrium price and output for soft drinks?

  Suspension of international trading and financial activities

Large-scale wars typically bring a suspension of international trading and financial activities. Exchange rates lose much of their relevance under these conditions, but once the war is over governments wishing to fix exchange rates face the proble..

  Find the effects on the exchange rate

Use demand and supply analysis to assist you, determine the effects on the exchange rate in British pound and the Japanese yen from

  Decrease in price of access

The steady increase in demand for home computers has resulted in the massive increase in demand for web access, yet, the price of access has been steadily declining.

  Competitive stance in marketplace

Explain how a company that is competing in a purely (or perfectly) competitive market should increase its competitive stance in the marketplace. Provide specific examples.

  Computing optimal output of competitive firm

It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.

  Calculate the net present value

Greetings Corporation stores, as well as the Wall Décor division, have enjoyed healthy profitability during the past 2-years. Although profit margin on prints is often thin, volume of print sales has been substantial enough to generate 15 percent of ..

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