Decreasing cost industries

When average production cost for Plastibristle Inc. falls like market demand increases and more firms go into the industry, Plastibristle is within: (1) an economically efficient industry. (2) a purely competitive industry. (3) an industry experiencing economies of scale. (4) a divided cost industry. (5) a decreasing cost industry.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Oligopoly output control by

An industry dominated by some consciously interdependent firms which control most of its output is an: (1) uncontestable market. (2) oligopoly. (3) illegal conspiracy. (4) unnatural monopoly. (5) entrepreneurial cartel. Can someone

Q : Effects of Moral Hazard When you pay a

When you pay a straight A student in advance to write your term-paper and that person spends money on the party and then decides not to do a fine job and hence you wind-up with an F for submitting sloppily written gibberish, you have just suffered since of: (i) Advers

Q : Define Indirect taxes Indirect taxes :

Indirect taxes: Whenever the liability to pay tax is on one person and the burden of that tax falls on another person, it is termed as indirect tax. Illustrations are: sales tax, excise duty, VAT, tax on services and so on.

Q : Demand and supply influences

Changes in both demand and supply of a commodity might or might not influence its equilibrium price. Describe.

Q : Negatively slope of demand curve

When the demand curve for a firm’s product is negatively sloped into the short run, in that case the firm: (i) operates in a purely or perfectly competitive market. (ii) experiences economies of scale in its production function. (iii) will face

Q : Accumulation of Capital in Market

The individuals who eventually enable accumulation of capital into a market economy are: (1) consumers. (2) firms. (3) government. (4) savers. (5) capitalists. How can I solve my Economics problem?

Q : Profit-maximizing pure competitor at

The break-even point as illustrated below for that profit-maximizing pure competitor happens at the price consequent to: (w) point f. (x) point h. (y) point j. (z) point k.

Q : Labor Productivity The American workers

The American workers tend to be much productive than their counterparts in the South America or Asia in part as they have: (i) Superior natural genetic endowments. (ii) Access to the better sports programming, that promotes the team-work. (iii) More capital to work wi

Q : Effect of decreases price ceiling on a

A government decrease of the price ceiling upon a good will: (w) result in a decrease into the excess demand for the good. (x) result within an increase in the excess demand for the good. (y) lead to a greater quantity supplied. (z) cause a reduction

Q : Problem on Determinants of Demand I

I have a problem in economics on Determinants of Demand. Please help me in the following question. Income and tastes most directly influence the: (i) Demand. (ii) Market equilibrium (iii) Prices. (iii) Quantities. (iv) Supply.

Discover Q & A

Leading Solution Library

Avail More Than 1430611 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929436
Asked

3,689

Active Tutors

1430611

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment