Shifts the market supply curve, economics, Microeconomics

Assignment Help:

This firm will maximize profits by producing the level of output that corresponds to point:

a. b. c. or d. ??

Refer to Figure for a perfectly competitive firm. Given the current market price of $100, we expect to see:

1. entry into this industry

2. exit from this industry

3. costs rise to absorb the profits earned by firms in the industry

4. no change in the number of firms in the industry

The exit of firms from a market, ceteris paribus:

1. has no effect on economic losses of firms remaining in the market

2. increases the equilibrium price in the market

3. shifts the market supply curve to the right

4. shifts the market demand curve to the left

Related Discussions:- Shifts the market supply curve, economics

What is black economy, Defining black economy, If you pay your cleaner or ...

Defining black economy, If you pay your cleaner or builder in cash or for some reason neglect to tell the taxman which you were paid for a service rendered, you participate in the

Application of disquilibriam analysis, question #Minimum 100 words accepted...

question #Minimum 100 words accepted#History of cobweb theory

Market structures and monopoly, waht are the characteristics of perfect com...

waht are the characteristics of perfect competetion market

Define migration in microeconomics, Q. Define Migration in Microeconomics? ...

Q. Define Migration in Microeconomics? Migration:It's the movement of human beings from one country or region to another. Sometimes migration is motivated by economic factors (

Proportion of income spent for the commodity , All other things equivalent,...

All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand. Most home owners are recognizable with how this de

Explain the monopolistic excess capacity, Theories of Chamberlin’s monopoli...

Theories of Chamberlin’s monopolistic competition and Joan Robinson’s imperfect competition have revealed that a firm under monopolistic competition or imperfect competition in lon

Describe the change in returns to scale & factor proportion, Before explain...

Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch

Money market, monetary policy

monetary policy

Significance of education to economic development, Normal 0 fal...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Production, define and explain theory of production?

define and explain theory of production?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages