Shifts the market supply curve, economics, Microeconomics

Assignment Help:

 

This firm will maximize profits by producing the level of output that corresponds to point:
a. b. c. or d. ??
 
Refer to Figure for a perfectly competitive firm. Given the current market price of $100, we expect to see:
 
1. entry into this industry
2. exit from this industry
3. costs rise to absorb the profits earned by firms in the industry
4. no change in the number of firms in the industry 
 
The exit of firms from a market, ceteris paribus:
1. has no effect on economic losses of firms remaining in the market
2. increases the equilibrium price in the market
3. shifts the market supply curve to the right
4. shifts the market demand curve to the left
1255_shift-of-market-supply-curve.png

Related Discussions:- Shifts the market supply curve, economics

Production, define and explain theory of production?

define and explain theory of production?

Inflation and inflation types, Inflation Types Inflation is generally c...

Inflation Types Inflation is generally classified on the basis of its rate and causes, while rate-based classification of inflation refers to the severity of inflation or how h

Oligopoly, reason for kinked demand curve

reason for kinked demand curve

Tort liability, Construct a table indicating the social expected loss corre...

Construct a table indicating the social expected loss corresponding to each combination of precaution choices by the two individuals. (ii) What is the socially efficient combinatio

What are the main weaknesses of using demand-side policies, What are the ma...

What are the main weaknesses of using demand-side policies? Trade-off issues a) Growth and low unemployment often come with inflation b) Government stimulatory policies m

Revenues, Ask qdescribe average and marginal revenue under imperfect compet...

Ask qdescribe average and marginal revenue under imperfect competitionuestion

Quality of employment , QUALITY OF EMPLOYMENT : Productivity of Emplo...

QUALITY OF EMPLOYMENT : Productivity of Employment  In a poor country like India being employed does not by itself necessarily ensure a decent level of living. In 1999-2000 th

Meter replacement cost, The town utilizes standard disc type PD water meter...

The town utilizes standard disc type PD water meters for all residential connections. These meters were warranted by the manufacturer to be accurate within two percent of actual f

Rational expectations- inflation unemployment trade-off , Rational Expectat...

Rational Expectations- Inflation Unemployment Trade-off : Now, consider what happens if we suppose that workers have rational expectations about the rate of inflation First, th

Write Your Message!

Captcha
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