Reference no: EM131097451
1. Explain why the following statements are true or false-:
a. Firms in a pure competition market structure make no accounting profit when the market is in a long run equilibrium.
b. If demand decreases, firms in a pure competition markets structure can make an economic profit in the short run.
c. If demand increases, firms in the pure competition market structure can make an economic profit in the long run.
d. The short run supply curve for the firm in perfect competition is that part of the firm's Marginal cost curve that is above the minimum point of the AVC curve (above the minimum value of the AVC).
e. The long run supply curve for an industry can never be down-sloping.
2. Define Short run, long run, and diseconomy of scales.
3. Draw a diagram of a general cost curve in the long run . Indicate on the curve the areas of increasing and decreasing economies of scale.
4. What is the rule for utility maximising?
5. Explain why monopoly leads to a lower output and higher price than perfect competition?
Calculate the resultant sinr in each case
: Calculate the resultant SINR in each case and compare it with the previous example.
|
What is the likely present worth
: The Net Revenue below is dollars per year for the life of the project. P is the probability of occurrence. What is the likely Present Worth? Should they undertake the project?
|
The scope rules of pascal determine the declarations
: Using the scope rules of Pascal, determine the declarations that apply 0 each occurrence of the names a and b in Fig. 7.51. The output of the program consists of the integers 1 through 4.
|
Developing country for cheaper production
: You are creating an online shopping company for winterwear where you make your own product and sell it online and the company ships internationally, production is done in developing country for cheaper production. You need to write a business plan fo..
|
Lower output and higher price than perfect competition
: What is the rule for utility maximising? Explain why monopoly leads to a lower output and higher price than perfect competition?
|
The company follows a pure residual dividend policy
: 2. Lindsey Insurance Co. has current sales of $10 million and predicts next year's sales will grow to $14 million. Current assets are $3 million and fixed assets are $4 million. The firm's net profit margin is 7 percent after taxes.
|
Find the cournot equilibrium
: Suppose in the Cournot model that the firms have different production costs. Let c1 and c2 be the costs of production per unit for firms 1 and 2 respectively, where both c1 and c2 are assumed less than 1/2. Find the Cournot equilibrium.
|
Market for product or service was affected by change
: Give a real example in history when a market for a product or service was affected by a change in each of the following: Income of buyers Price of a related good, either a substitute or compliment Number of buyers Consumer preferences and information..
|
Derive the two classes son and daughter from the above
: Derive the two classes son and daughter from the above class and for each, define iam() to write our similar but appropriate messages. you should also define suitable constructors for these classes. now write a main() that creates objects of the thre..
|