--%>
Assignment Help - homework help

Cost structure characteristic in purely competitive industry

When Cling Peach Orchards has a cost structure characteristic of peach orchards into this purely competitive industry, when the long run new competitors would most likely enter the market providing the wholesale price per bushel of peaches exceeded: (i) $3.00 per bushel of peaches. (ii) $7.67 per bushel of peaches. (iii) $8.00 per bushel of peaches. (iv) $8.60 per bushel of peaches. (v) $9.00 per bushel of peaches.

770_Profits and Losses1.png

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Monopoly market structure When one firm

    When one firm controls all production and the price of a good without shut substitutes, there is: (i) monopoly market structure. (ii) violation of the law of demand and supply. (iii) lack of equity although assurance of efficiency. (iv) legal barrier to entry. (v) cer

    		•
  • Q : Profit-maximizing monopolists I have a

    I have a problem in economics on Profit-maximizing monopolists. Please help me in the following question. Profit-maximizing monopolists exploit the labor since: (i) Workers are paid very less than the value of their average physical products. (ii) The

    		•
  • Q : Profit maximization at the rate of

    At the rate of output, profits are maximized where marginal: (i) revenue is maximized. (ii) revenue equals marginal cost. (iii) revenue exceeds marginal cost by the greatest amount. (iv) cost is minimized. Can some

    		•
  • Q : Describing monopoly Illustrate the term

    Illustrate the term monopoly?

    		•
  • Q : Unitarily elasticity and profit

    When all costs are fixed in the short run, a monopolist maximizes profit through producing and selling the output level where: (1) demand is price elastic. (2) marginal revenue most greatly exceeds marginal cost. (3) demand is price inelastic. (4) mar

    		•
  • Q : Comparing monopolistic competition to

    If comparing monopolistic competition to pure competition within the long run: (w) product differentiation definitely improves social welfare. (x) only monopolistic competitors may earn economic profits. (y) only pure competitors oper

    		•
  • Q : Labor Productivity in Economic Capital

    Labor productivity tends to rise while: (1) the K/L ratio increases. (2) the K/L ratio decreases. (3) workers forego education. (4) capital becomes more expensive. (5) wage levels fall. Please choose the right answ

    		•
  • Q : Facing a demand curve by purely

    A purely competitive firm faces a demand curve which is: (1) perfectly inelastic. (2) upward sloping. (3) perfectly elastic. (4) a vertical line. (5) downward sloping. Can anybody suggest me the proper explanation

    		•
  • Q : Elasticity of demand changes with price

    Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5.

    Q : Accounting profits when economic profit

    Whenever economic profit equivalents zero, then the accounting profits: (i) Are explicit costs of the remaining in business. (ii) Will induce raised investment even when accounting costs are much low. (iii) Are too zero. (iv) Reflect normal returns on the investment t

    		•