What is the time period the economist referred to

Assignment Help Microeconomics
Reference no: EM13206066

There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established dog kennels to leave the industry. what is The time period this economist referred to?

Reference no: EM13206066

Questions Cloud

How to optimize r&d resources to more rapidly bring new : Recently, there have been several consolidations in the economy, the biotech industry being one. With the creation of fewer "Biotech giants worldwide", will this lead to stronger monopoly power, thus potentially contributing to rising healthcare c..
What is the domain of this model : Write an equation to represent the volume of an open box constructed by cutting congruent squares from the corners of a 24" by 14" piece of cardboard.
What is the effect of doubling the investment period : The final amount for $5000 invested for 25 years at 10% annual interest compounded semiannually is $57, 337.
Determine the p-value and perform the test : During the first few weeks of the new television season, the evening news audience proportions were recorded as ABC- 31%, CBS- 34%, and NBC- 35%. A sample of 600 homes yielded the following viewing audience data.
What is the time period the economist referred to : There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established d..
What is the socially efficient combination : Construct a table indicating the social expected loss corresponding to each combination of precaution choices by the two individuals and what is the socially efficient combination?
Determine the number of degrees of freedom for this test : A department store believes that telephone calls come into the switchboard at 10-minute intervals, according to a Poisson distribution. Before ordering new equipment, the store wishes to determine whether the Poisson model is a valid assumption.
Use the method of cylindrical shells to set up the integral : The region bounded by the curves y=x^2 and y=sqrt(x) is revolved about the y-axis. Use the method of cylindrical shells to set up the integral that represents the volume of the solid. Do NOT evaluate the integral.
How much work is required to move a second mass : Suppose one mass is held fixed at the point (1,0) on the x-axis (units in meters). How much work is required to move a second mass along the x-axis from the point (-1,0) to the origin?

Reviews

Write a Review

Microeconomics Questions & Answers

  Difference between accounting profit and economic profit

Explain the difference between accounting profit and economic profit. Include discussion of the distinction between explicit and implicit costs and how they relate to economic cost and opportunity cost.

  Analysis of production and costs

Will firms in industries, in which high levels of output are necessary for minimum efficient scale, tend to have substantial degrees of operating leverage? Please explain.

  Calculating profit maximizing output level

What is the total fixed cost for the El Dorado Star? If the total fixed cost increases to $5,000, how many papers should be sold daily for profit maximization?

  Indicate whether the production function exhibits increasing

The relationship between the number of technicians hired per hour and the number of radiographs produced per hour is shown in the following table. Show the total and marginal products and indicate at each level of production whether the production..

  When the company charges different prices in each market

LA Market p = 50 - Q The company estimates its total cost function to be: TC = 40Q. Calculate the following: a. quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets. b. quantity, total re..

  Did merger affect the product or price

Mergers are treated differently, depending on the type of merger and the effect on the industry. There are three types of mergers: Horizontal mergers are between companies selling similar products in the same market; Vertical mergers are between f..

  Estimate demand function for one-month memberships

Interpret the estimated demand function for one-month memberships and calculate the point price elasticity of demand and point income elasticity of demand in Town D at the price charged last year.

  How much output is sold at these prices

what are these prices? b) How much output is sold at these prices and what is the profit in each market? c) Based on your answer in part a, justify why would the firm charge same or different prices.

  Define long-run cost function

A firm has a long-run cost function, C(q) = 4q^2 + 4.  In the long run, this firm will supply a positive amount of output, as long as the price is greater than what?

  Test the null hypothesis

Test the null hypothesis that each individual coefficient is equal to zero against the alternative that it is not, at the 5% significance level and comment on your findings

  Income-expenditure model

As part of your answer explain what happens when aggregate expenditure either exceeds or falls short of output in the current period and what impact this has on production in the next period.

  Explain the pros and cons of online research

Online research seems to be the best. They all have pros and cons of some sort. I would use online research to reach a certain demographic and have links from sites that my target market would visit. The benefits would be to gain information us..

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