User Account

All Pages

Firm facing perfect competition

Assignment Help Business Economics
Reference no: EM13838595

A firm facing perfect competition is known as a price taker and therefore cannot employ the use of _______?

Price strategies

Cost minimization

Technological change

They can employ any technique

Reference no: EM13838595

Questions Cloud

Ability of open-market operations to affect aggregate demand : Would each of the following increase, decrease, or have no impact on the ability of open-market operations to affect aggregate demand?
What is average money balance during the day period : Suppose that you never carry cash. Your pay check of $1,000 per month is deposited directly into your checking account, and you spend your money at a constant rate so that at the end of each month your checking account balance is. What is your averag..
Market structure-measured in ability to set price of output : The Profit Maximizing condition for firms facing perfect competition is 1) Marginal Revenue = Marginal Cost and 2) Marginal Cost must cut through Marginal Revenue from below. Market structure is measured in the ability to set the price of the output...
Design and implement the database-best home real estate : you are to design and implement the database of Best Home real estate that you have modelled in assignment-1 and a series of SQL queries to reflect the business logic of it
Firm facing perfect competition : A firm facing perfect competition is known as a price taker and therefore cannot employ the use of _______?
Contrast the production function for product and service : Compare and contrast the production function for a product and a service.  You should base your discussion on specific industry examples (i.e., automobiles or dishwashers or frozen pizzas are examples of products and tax preparation services or legal..
What circumstances would monopolistic firm : Under what circumstances would a monopolistic firm be economically more efficient than a group of small, competitive firms? If there are such monopolies, what are the drawbacks and how could they be corrected?
Construct payoff table for game-profits per firm as payoffs : Assume that the demand for chalk is = 8 -0.1Q, where is the market price and is the total market output measured in thousands of boxes of chalk. Suppose that there are three firms in this industry, each of which has a constant variable cost of $2. Co..
Payoff tables and game forms : How do these tools (payoff tables and game forms) help decision-makers to avoid incomplete thinking and over- inclusive thinking in their judgments?

Reviews

Write a Review

Business Economics Questions & Answers

  Find the exact payback period for project without interest

Find the exact payback period for the following project without interest.

  Kuwait had the capacity to produce a certain amount of oil

Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.

  Profit of simultaneously pursuing both programs

What is the expected profit of simultaneously pursuing both programs.

  Illustrate what amount of profit does the firm fail to pick

A firm's marginal revenue is $133 and its marginal cost is #90 illustrate what amount of profit does the firm fail to pick up by refusing to incease output by one unit.

  Develop income statement and cash flow statement

For 5 years you have owned and operated a small company, ABC Desks, that designs and manufactures high-end custom wooden desks. The business is incorporated and pays state and federal taxes separate from your personal income. Develop an Income Statem..

  Assumes rational behavior from actors consumers-suppliers

Neoclassical economics assumes rational behavior from actors (consumers and suppliers) as well as profit maximizing behavior. These assumptions make sense (do we want to assume people are irrational - how do you study that) but are they real.

  Uses open market operations to offset a recession

If the federal reserve uses open market operations to offset a recession the fed------------- government securities in order to ------------the federal funds rate.

  Determine point price elasticity of demand

Determine point price elasticity of demand at P= $3.00. Illustrate what would be new point price elasticity if price were raised to P= $4.50.

  Distinguish aming the functional personal income

Illustrate distinguish between the functional distribution and personal distribution of income.

  Considering buying a house and renting

You are considering buying a house and renting it to students. The yearly operating costs are $2,050. The house can be sold for $335,000 at the end of 10 years and it is considered 18% to be a suitable annual effective interest rate. If the house cos..

  Illustrate what is the demand function for good x

Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.

  The price of comparable french wine decreases

Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine? Explain your answers The price of comparable French wine decreases. The unemployment rate in the Unite..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd