Explain with the help of a graph

Assignment Help Business Economics
Reference no: EM131426784

Discuss and explain with the help of a graph, how in a long run every perfectly competitive market will earn just normal profit, no excess profit and no less.

Reference no: EM131426784

Questions Cloud

Write an initial proposal for this funding : Operations really need a study to see why there is variability, how much is acceptable, what its effects are, how it can be reduced, what benefits this will bring and so on. Such a study needs funding - and your job is to write an initial proposal..
Thinking about complementors : Create the Value Net for your own business or a business with which you are familiar. Take special care in thinking about complementors; they are often overlooked.
Distributor unit contribution-percentage contribution margin : An independent film distributor is getting ready to release a documentary video entitled, The Unedited Truth. The distributor will sell the video through specialty retailers. The retailer’s required margin is 40 percent. a. What is the distributor’s ..
Expalin the problem in the scenario that you have chosen : Define the problem in the scenario that you have chosen. Analyze the problem in the scenario. Generate options for solving the problem in the scenario. Evaluate the options for solving the problem.
Explain with the help of a graph : Discuss and explain with the help of a graph, how in a long run every perfectly competitive market will earn just normal profit, no excess profit and no less.
Probability that randomly selected subscriber spent given : If a subscriber spent less than $500 for personal or vacation travel during the past 12 months, the circulation department will no longer hand-deliver each issue. What is the probability that a randomly selected subscriber will no longer receive h..
Overall objective of a quality improvement program : In long-term care, the overall objective of a quality improvement program is focused on. The common name given to a national movement for the transformation of older adult services and is based on person-directed values and practices is:
Derived demand for capital and labor-cost minimization : Derived demand for capital and labor: Cost minimization General Motors produces cars by using labor and capital. The production function for cars can be expressed as:
Tents to the survivors of the earthquake in turkey : 1. Explain how each of the following transactions generates two entries- a credit and a debit- in the U.K. balance of payments accounts, and describe how each entry would be classified. a. The UK Red Cross sends $5000 worth of tents to the survivo..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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