User Account

All Pages

What good or service is provided in the market

Assignment Help Macroeconomics
Reference no: EM131365674

Assignment: Production, Costs, and Perfect Competition

Choose a market for a good in your area that seems to be a perfectly competitive market. Answer the following questions to describe the market and the competitive environment in the market:

1. What good or service is provided in this market?
2. Who are the buyers and who are the sellers in the market?
3. Are there many sellers in the market?
4. Are there very many substitutes for the good or service?
5. If the store where you usually buy this item raised its prices, would you go to another store or switch products? Explain.
6. Do you think that this a competitive market? Explain.

Reference no: EM131365674

Questions Cloud

Calculate the final temperature : Calculate the final temperature of 245 mL of water initially at 32 °C upon absorption of 17 kJ of heat.
How do barriers to entry impact the level of competition : MT445 - Managerial Economics discussion question - Why does a Starbucks coffeehouse face a downward-sloping demand curve while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what im..
Write on the negative aspects of setting goals : Write on the negative aspects of setting goals:- Given is the research to use and now need to use my points to write a position.
Concentration of each reactant and product : What will happen to the concentration of each reactant and product at equilibrium if H2 is added?
What good or service is provided in the market : What good or service is provided in this market? Who are the buyers and who are the sellers in the market? Are there many sellers in the market?
Design an economic policy solution to the problem : Design an economic policy solution to the problem and analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders.
Number of fluorine atoms : If the relative mass of a uranium atom is 238 and the relative mass of a fluorine atom is 19, calculate the number of fluorine atoms that are combined with one uranium atom.
What contributions can you make to the community : What contributions can you make to the community as a college graduate?
What do the measures above tell us about consumer behavior : What do the measures above tell us about consumer behavior? Have incomes changed enough to offset the inflation since 2000? What can we predict about future inflation?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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