--%>
Assignment Help - homework help

Analytic Time in economic theory of production

In economic theory of production: (1) Average fixed costs equally drop as the capacity of firm rises. (2) Technology can be varied wholly. (3) The choices available to firm raise as longer periods are considered. (4) Firms which do not cover all the historical costs can’t survive. (5) Firms might enter or leave a competitive market quicker than the technology changes.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Analytic Time-The Short Run I have a

    I have a problem in economics on Analytic Time-The Short Run. Please help me in the following question. Economists classify a time-period in which at least one resource is fixed as: (i) Short run. (ii) Long run. (iii) Production period. (iv) Profit period.

  • Q : Illustrations of monopoly power The

    The best illustrations of monopoly power in the United States are possibly: (w) local public utility companies. (x) state university systems. (y) the national TV networks. (z) national defense firms. Hey friends pl

    		•
  • Q : Powerful firm confronted by powerful

    The model which examines the limits to bargaining among a powerful firm confronted by the powerful union is: (1) Bilateral monopoly model. (2) Pure monopsony model. (3) Convergence model. (4) Featherbedding model. (5) Keynesian cross model.

    Q : Change in Supply versus change in

    Assume that a screen at the front of this room exhibits a graph of supply curve for ice-cream. The shift of this supply curve away from the center of our Earth would replicate: (i) A raise in the quantity of ice-cream demanded. (ii) A reduction in the supply of ice-cr

    		•
  • Q : Determine least price elastic points

    The section of this supply curve for 2×4s which is least price elastic is in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point d and point e. (v) point e and point f.

    Q : Meaning of term competition in Economic

    Economists generally use the word “competition” to refer to: (w) negotiations among buyers and sellers. (x) a type of market structure in that competitors are price takers and, occasionally, to rivalrous processes among firms. (y) how pric

    		•
  • Q : Total revenue on profit-maximizing

    Total revenue roughly for the profit-maximizing lumber mill equivalents: (i) $1700 daily. (ii) $2500 daily. (iii) $3500 daily. (iv) $4590 daily. (v) $6000 daily.

    Q : Non-discriminating firm with monopsony

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The non-discriminating firm with the monopsony power in labor market confronts a: (1) Wage rate which consistently surpasses the marginal rev

    		•
  • Q : Determine marginal revenue and marginal

    While this firm maximizes economic profits, in that case marginal revenue and marginal costs would be: (1) $4 per unit. (2) $6 per unit. (3) $8 per unit. (4) $10 per unit. (5) $12 per unit.

  • Q : Problem onto Saving and Spending Money

    The owners of a construction company would not be saving when they collected a big check after finishing a project and after that bought: (w) a long term certificate of deposit at their local bank. (x) stock in a newly-formed corporation. (y) a corporate jet for use o

    		•