The number of firms in a market will be determined

Assignment Help Microeconomics
Reference no: EM131034921

The number of firms in a market will be determined by

A.        Whether or not there is a minimum wage

B.        The most efficient quantity for cost of production for one firm

C.        Whether demand is elastic or inelastic

D.        Whether supply is elastic or inelastic

Reference no: EM131034921

Questions Cloud

What is the dollar margin per specialty drink served : Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of ac..
What is the average number of people waiting in line : Customers arrive at an automated coffee vending machine at a rate of 3 per minute, following a Poisson distribution. The coffee machine dispenses a cup of coffee in exactly 15 seconds. a. What is the average number of people waiting in line? b. What ..
Determine the minimum force p and the associated angle : A roll of paper has a uniform weight of 0.75 lb and is suspended from the wire hanger so that it rests against the wall.
How grocers could reduce the health insurance benefits : Assume you are mediating this dispute. Discuss five creative solutions you would suggest for how grocers could reduce the health insurance benefits and the cost of their total benefits package without making any employee pay more.
The number of firms in a market will be determined : The number of firms in a market will be determined by A.        Whether or not there is a minimum wage B.        The most efficient quantity for cost of production for one firm
Each would have the same labor and materials costs : The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.70 per sandwich. Sand..
Expanded globally and examine their management system : Company that has expanded globally and examine their management system. What are their values as a company? Do these values translate to their global market or are they only affective domestically? Ho they adjust their company to meet the needs of th..
Calculate the percent variance relative to surgical revenue : The following are budgeted and actual results for Cutting Edge Surgery Center: Surgery Revenues: Budgeted $545,250, Actual Revenue $449,445. Calculate the percent variance relative to surgical revenue
Verical integration-market structures and creating value : Identify and briefly explain three specific topics (verical integration, market structures and creating value). Be specific, and explain. Do you plan to apply any of the topics/ideas in your current employment? Why? How?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Either the leader or borrower point of view

Draw cash flow diagram for the following: you can use either the leader or borrower point of view. Your choice I = 12% per compounded yearly. Be sure to label the amount you pay at the end at each year.

  Use a challenger-defender rate of return analysis

A firm must decide which of three alternatives to adopt to expand its capacity. The firm wishes a minimum annual profit of 20% of the initial cost of each separable increment of investment.

  New demand curve of chevrolet

Find the equation of the new demand curve for Chevrolets. Plot the new demand curve, D1 c' and, on the same graph, plot the curve for Chevrolets, D c'. found in 2 (d).

  Strategy to monopolistic competitive model

Professor Michael Porters generic strategy options for competing are the differentiation approach and cost leadership approach. The first involves competing by having the better product and second by having lower cost that ones competitors. Relate..

  Who has a comparative advantage in producing balls

Tom can produce 40 balls per hour or 4 bats per hour. Tessa can produce 80 balls per hour or 4 bats per hour.a. calculate Tom's opportunity cost of producing a ball. b. calculate Tessa's opportunity cost of producing a ball.

  Governments worldwide are turning to protectionism to cope

governments worldwide are turning to protectionism to cope with economic problems imposing tariffs and subsidies on

  How will managers of a monopolistically competitive firm

How will managers of a monopolistically competitive firm decide on the optimal level of production? Elucidate.

  Do rights extend to businesses & other organizations aa well

The First Amendment to the U.S. Constitution added in 1891 as part of the Bill of Rights protects the rights of free speech, a free press, freedom to assemble or form groups and the freedom to contact and lobby government. Do you think that the ri..

  Suppose you now own a taxi company in aberdeen and you are

suppose you now own a taxi company in aberdeen and you are the sole producer of this service. you have a taxi monopoly

  Describe how risks and approaches to anticipate such risks

risks are common for all firms but there are different levels of risks in different industries and in different

  Concepts of scarcity and opportunity costs

Could you identify and describe the concepts of scarcity and opportunity costs. Also, explain the laws of supply and demand and how they are related to the concepts of scarcity and opportunity costs in decision-making.

  Determine if for the good marked with all cap lettering if

determine if for the good marked with all cap lettering if there is an increase or decrease in demand.a.a new fashion

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