Perfectly competitive industry

Assignment Help Business Economics
Reference no: EM13853229

Perfectly Competitive Industry

Find a purely/perfectly competitive industry. State why this industry is a purely competitive market. Give examples as to why. Please use the drop box to submit your extra credit assignment.

Reference no: EM13853229

Questions Cloud

Including the supply curve of domestic producers : Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand curve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal. In this situat..
Firm is only producer of high-tech sports utility vehicle : Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle and no fixed costs of production.
Financial markets are not in equilibrium : If interest rates differ between two countries, it is an indication that the financial markets are not in equilibrium, and that investment flows should be taking place between the two countries. Agree? Disagree? Explain.
Regarding how historian should chronicle a plague : What common assumptions guide the Thucydides and Procopius readings regarding how a historian should chronicle a plague? What different assumptions do they possess about both human behavior and the role divine forces play in human history? How do bot..
Perfectly competitive industry : Find a purely/perfectly competitive industry. State why this industry is a purely competitive market. Give examples as to why. Please use the drop box to submit your extra credit assignment.
Relation between marginal and average costs : Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs. Describe the relation between marginal and average variable costs.
Afford to spend for a geothermal heat pump : A geothermal heat pum can save up to 84% of the annual heating and cooling bills of a certain home in the norotheaster US. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2,900. The maximum am..
Capital intensive and labor intensive : Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
Labor intensive-both produce under constant returns to scale : Suppose that in our economy represented by sectors A and T as described in class (A is capital intensive and T is labor intensive; both produce under constant returns to scale), there is a positive production externality (for instance knowledge spill..

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 explain how does a country become an importer of a good

q1. explain how does a country become an importer of a good? an exporter of a good? illustrate what is a tariff?

  In contrast to the federal government budget

In contrast to the federal government budget of the US, the budgets of the individual states

  Firm is considering a potential investment project

Your firm is considering a potential investment project, and your finance group has prepared the following estimates: and NPV of $10 million if the economy is strong (30% probability), and NPV of $4 million if the economy is normal (50% probability a..

  Q us supreme court justice stephen breyers book breaking

q. u.s. supreme court justice stephen breyers book breaking the vicious circle toward effective risk regulation 1993

  Illustrate what is the effect of westland expansionary

Illustrate what is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run and in the long run.

  Compute equilibrium level of income-size of multiplier

Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for a decrease in autonomous investment by $75 million.

  Graph the function and discuss the context of concavity

Find the values which maximize or minimize for the following function and determine where you have a maximum to minimum. Graph the function and discuss the context of concavity.

  Economics assignment

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

  Which specific jobs should be assigned to each employee

When the competition is intense and the environment is changing rapidly, it is especially important to

  What will be the deadweight loss created by this monopoly

Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?

  What is the present worth of this purchase

You have decided to purchase a large screen TV and the Rent to Own store. The TV would cost $1,200 but you will be making payments of $150 a month for a year. Assuming your MARR is 22%, compounded monthly, what is the present worth of this purchase?

  How would your conclusion change if mathew purchased

To save on gasoline expenses, Edith and Mathew agreed to carpool together for traveling to and from work. Edith preferred to travel on I-20 highway as it was usually the fastest, taking 25 minutes in the absence of traffic delays. Mathew pointed out ..

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