Competitive business environment

Assignment Help Business Economics
Reference no: EM132184408

In a competitive business environment, firms are said to break-even in the long-run. What does this exactly mean, and why does it happen? In answering this question, differentiate specifically between the short-run and the long-run. Does this long-run break-even outcome apply to all market structures, and why?

Reference no: EM132184408

What is the size of the transaction deposit multiplier

Suppose that the public wishes to hold $0.35 in pocket money (currency and coin) and $0.25 in time and savings deposits. Suppose that banks wish to hold $0.20 for each new dol

Credit frictions themselves as source of business cycles

Many papers look at the impact of credit frictions onto business cycles, and they almost unambiguously find that credit frictions work as an amplification mechanism of other s

Use as first cost of defender in a replacement analysis

Which of the following is the proper value to use as the " first cost" of the defender in a replacement analysis? Which of the following is a replacement repeatability assumpt

Farmer uses three inputs to produce vegetables

A farmer uses three inputs to produce vegetables: land, labor, and capital. The production function for the farm exhibits diminishing marginal rate of technical substitution.

Calculate the elasticity of demand for good

Calculate the elasticity of demand for good X with respect to the price of X, the price of Y, income, and advertising. Calculate consumer surplus at the profit-maximizing pric

Is the euro trading at forward premium or discount

Assume that the eurozone risk free interest rate n bonds with one year to maturity is 4.78 percent and the U.S. risk free rate on one year bonds is 3.15 percent. The currenct

War is the collective pursuit of a dangerous activity

"War is the collective pursuit of a dangerous activity. But the collective pursuit occurs person by person. Why do individuals participate in war, whether voluntary or conscri

What is the opportunity cost of paid work

When you buy a good in the market place, some one is selling it to you. Thus, when you go to work, you sell yourself. True, False, Explain. What is the opportunity cost of pai

Reviews

Write a Review

 
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