What happens to the scale of firms in the long run

Reference no: EM13238869

What happens to the scale of firms in the long run? What motivates firms to choose the scale of operation that they do?

How does the market adjust in the long run when firms are earning short-run economic profits? How does this affect the short-run supply curve?

Reference no: EM13238869

Questions Cloud

Cold war in europe and the cold war in asia : Compare how the Cold War in Europe and the Cold War in Asia had similar beginnings. Then in one or two paragraphs, explain how the two were different from each other. Which region posed the greatest threat to the United States.

Use against the secession of the southern states : Which argument did President Abraham Lincoln use against the secession of the Southern States?

How many gallons of gasoline are sold in the market : The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from one another and can observe the prices posted

What voltage will your voltmeter read : Suppose after charging a 4 µF capacitor to 8 V, you connect it to the second uncharged capacitor of 7 µF. What voltage will your voltmeter read across the second capacitor

What happens to the scale of firms in the long run : What happens to the scale of firms in the long run What motivates firms to choose the scale of operation that they do How does the market adjust in the long run when firms are earning short-run economic profits

Find the resultant force exerted on the third charge q3 : Three charges, q1=2.0x10^-8 C, q2= -3.0x10^-8 C, and q3= -4.0x10^-8 C, are located on the y-axis, Find the resultant force exerted on the third charge q3 by the other two charges

What would be expected to happen to the total quantity : Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a packet of cigarettes currently costs $8 and the government wants to reduce smoking by 20%, by how much should it increase the price

What are the ways man can exercise hos free will : According to Pico, what are the ways man can exercise hos free will and what can be the results of his using his free will?

Discuss and give examples of how pico blends christian : Discuss and give examples of how Pico blends Christian and non-Christian sources to support his argument about the nature of man.

User Account

All Pages