User Account

All Pages

Perfectly competitve industry is in long-run equilibrium

Assignment Help Business Management
Reference no: EM131447779

Part one: Assume that initially a perfectly competitve industry is in long-run equilibrium.

a. For the typical 

(ii) The industry's price and level of output.

Part two: In a particular product market there is only one seller and there are significant barriers to entry.

a. Explain how this firm determines its equilibrium output and price.

b. Explain whether or not this firm is producing the economically efficient level of output. In your answer include a brief definition of economic effciency.

Part three: What determines the demand for a resource (factor of production)? Why is the demand for a resource downsloping?

Reference no: EM131447779

Questions Cloud

Determine the firm optimal advertising-to-sales ratio : The elasticity of demand for a firm's product is -4 and its advertising elasticity of demand is 0.2. a. Determine the firm's optimal advertising-to-sales ratio.
How much output should the firm produce in the short run : A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs areC(Q) = 60 + 14Q+ 2Q2. a. How much output should the firm produce in the short run? ________units
What influenced the timing of this deal : What is happening in the oil and gas industry?  How have these things affected GE's decisions? What influenced the timing of this deal? What role have activist shareholders played in these two companies
What is the payback period of the investment : You are considering making a movie. The movie is expected to cost $11 million upfront to make. The movie will produce cash flows of $4 million in one year, $2 million per year in each of years two, three, four and five, and then six years from today ..
Perfectly competitve industry is in long-run equilibrium : Part one: Assume that initially a perfectly competitve industry is in long-run equilibrium. a. For the typical  (ii) The industry's price and level of output.
Consumer price index up six percent from a year ago : Answer the three parts with somewhat lengthy answers but can part one please be a more detailed answer thank you Question number one: You read the following information about the economy:
Describe the process of the changing of the system : Many attempts in the process of change are failed due to the individual taking on the process of the change using an unstructured approach in the implementation (Marquis & Huston, 2015). I feel that when something is organized and well thought ou..
Create a swot analysis : Create a SWOT analysis to determine what the next steps your company should take to in order to move forward successfully. Your SWOT analysis should include a properly formatted SWOT chart
How do global economic pressures impact your organization : How do global economic pressures impact your organization? Who are the direct international competitors? How is that competition managed?

Reviews

Write a Review

Business Management Questions & Answers

  Enhancing internal and external media

Your director has learned of a new vendor, ACME Consulting, who offers social media consulting services. Your director would like you to prepare a letter to the Director of ACME Consulting to learn more about their services. In your letter explain..

  Identify the different purposes of formal reports

Business Communications Assignment- Write a brief analysis essay identifying different purposes of formal reports and list different situations in which each might be used.

  Government and private roles in setting policies

What should be the government and private roles in setting policies for cybersecurity? What is the current status of U.S. policy for cyber and what is currently being considered by the President and Congress?

  Employee privacy issues

How could an employee's privacy protections enhance his or her motivation and productivity on the job in a healthcare/hospital environment?

  Create a work environment

As a nurse manager; how can you create a work environment in which the necessary elements and requirements for the main components of the HRM process can be met?

  Case analysis techniquesa case analysis is a process and

case analysis techniquesa case analysis is a process and techniques are useful. one suggested technique is to place

  Contrast three major pricing strategies

Identify, compare, and contrast three major pricing strategies. Discuss the importance of understanding customer-value perceptions, company costs, and competitor strategies when setting prices.

  How the internet can affect the research process

Read the journal article "The Ethics of Internet Research" (Williams, 2012) and this week's lecture. In your own words, provide a summary of the article and add your own thoughts on how the Internet can affect the research process, including, but..

  Business benefits of vodafone global business

What were the business benefits of Vodafone's global business transformation? How did it change decision making and the way the company operated?

  Analyze the individual values

Analyze the individual values and the organization's values

  Training history and employee competency

Create a learning and development register that could be used to record training history and employee competency. What details should it contain? Who should manage it? Who should have access to it? Are there other ways that learning and developmen..

  Study of economics apply

In your opinion, how does the study of economics apply to our daily decisions? For example, can we use the lessons we learn about opportunity cost and efficiently allocating our resources to decisions we make about our individual lives

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