Shifts the market supply curve, economics, Microeconomics

 

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
1255_shift-of-market-supply-curve.png
Posted Date: 2/15/2012 8:36:37 AM | Location : United States







Related Discussions:- Shifts the market supply curve, economics, Assignment Help, Ask Question on Shifts the market supply curve, economics, Get Answer, Expert's Help, Shifts the market supply curve, economics Discussions

Write discussion on Shifts the market supply curve, economics
Your posts are moderated
Related Questions
How might an accurate value for the multiplier aid a government in setting fiscal policy? Any given multiplier will enhance national income at a given rate times enhance in gov

What is the purpose of the IMF and why might the IMF be called the “lender of last resort”? Discuss how three of the tools they use for establishing economic stability in a country

Withdrawing MRTP Restrictions: The restriction on the scrutiny of an investment proposal that it does not violate the provisions of MRTP Act was withdrawn. This freed big bus

Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain

What is the difference between indifference curve and isoquants?  An indifference curve shows dissimilar combinations which a consumer can buy with a given level of income. Ind


2) Proctor & Gamble (P&G) and the Lever Co. decide to form a laundry detergent cartel for future sales in Europe. Lever is more efficient than P&G. a)illustrate graphically how the

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

PanCakes Creations is considering franchising its single brand of pancakes to stall-holders on the Zandvoort beach, which is 5 kilometers long. PanCakes Creations estimates that on

what is ment by demand