Perfectly competitive industry

Assignment Help Business Economics
Reference no: EM13853229

Perfectly Competitive Industry

Find a purely/perfectly competitive industry. State why this industry is a purely competitive market. Give examples as to why. Please use the drop box to submit your extra credit assignment.

Reference no: EM13853229

Questions Cloud

Including the supply curve of domestic producers : Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand curve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal. In this situat..
Firm is only producer of high-tech sports utility vehicle : Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle and no fixed costs of production.
Financial markets are not in equilibrium : If interest rates differ between two countries, it is an indication that the financial markets are not in equilibrium, and that investment flows should be taking place between the two countries. Agree? Disagree? Explain.
Regarding how historian should chronicle a plague : What common assumptions guide the Thucydides and Procopius readings regarding how a historian should chronicle a plague? What different assumptions do they possess about both human behavior and the role divine forces play in human history? How do bot..
Perfectly competitive industry : Find a purely/perfectly competitive industry. State why this industry is a purely competitive market. Give examples as to why. Please use the drop box to submit your extra credit assignment.
Relation between marginal and average costs : Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs. Describe the relation between marginal and average variable costs.
Afford to spend for a geothermal heat pump : A geothermal heat pum can save up to 84% of the annual heating and cooling bills of a certain home in the norotheaster US. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2,900. The maximum am..
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..

Reviews

Write a Review

Business Economics Questions & Answers

  Self-employed physical therapist

Lisa is a self-employed physical therapist who works from a rented space. Lisa charges $250 for a therapy session. She incurred the following costs last month: space and equipment rental, $1400; wages, $3500; materials, $1800. If Lisa’s profit last m..

  Q assume that the feds inflation target is 2 percent

q. assume that the feds inflation target is 2 percent potential output growth is 3.5 percent as well as velocity is a

  Elucidate which would be farther to the right

If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.

  What is his economic profit

Mr. Roe gave up a job paying $18,000 and investments paying $6000 a year to pen this business. What is his accounting profit and what is his economic profit?

  Explain what has been happenning in this market

explain how lower coffee bean output in brazil, vietnam, columbia and central america are affecting this market. explain what has been happenning in this market.

  Comparative advantage is one of the few ideas

Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious, we should practice with it a bit. In each of the cases below, who has the absolute advanta..

  The movement to free international trade

The movement to free international trade is most likely to generate short-term unemployment in which industries?

  Influences affecting foreign exchange rates

Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.

  What financial market yield data

Illustrate what financial market yield data can the Federal use to determine if longer term inflation expectations are well anchored

  Ecessionary expenditure gap in a mixed open economy

A recessionary expenditure gap in a mixed open economy can be measured as the extent to which cumulative expenditures

  Explain the impact on the demand curve-supply curve or both

In the market for tacos, explain the impact on the demand curve, supply curve, or both. If the market started in equilibrium, determine if the new market equilibrium price and quantity are above, below, or indeterminate with respect to the starting e..

  What single payment at the end of year is equivalent

what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually

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