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 : Demand for Labor-Market Power Can

Can someone please help me in finding out the accurate answer from the following question. The monopolist in product market will hire a labor to a point where the: (i) Marginal revenue product of the labor equivalent its marginal factor cost. (ii) The value of margina

Q : Funding crisis The Social Security

The Social Security program in the United States faces a long-term funding crisis because: 1) the Social Security trust fund was exhausted in the year of 2002. 2) the number of retirees receiving benefits is rising more rapidly than the number of workers paying payrol

Q : Normative goals of microeconomics

Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income. Please friends choose one choice from the above. I want your suggestion

Q : Price ceilings causes shortages of a

When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged

Q : Gross Domestic Product of Norway What

What do you mean by Gross Domestic Product of Norway?

Q : Rational consumer-Relative Prices I

I have a problem in economics on rational consumer-Relative Prices. Please help me in the following question. The rational consumer purchasing decisions depend mainly on: (1) Current market prices. (2) Absolute prices. (3) Nominal prices. (4) Monetary prices. (5) Rela

Q : Rates of Return below Investment When,

When, relative to most another forms of business, farm incomes are tiny in comparison to farmers’ net wealth, in that case: (w) rates of return in agriculture are below those from other investments. (x) agriculture generates pos

Q : Problem on Value in Use Can someone

Can someone help me in finding out the right answer from the given options. The value in use of your favorite Frisbee is described whenever you: (1) Play Frisbee with dog. (2) Sell it for $100 to your elder brother. (3) Auction it off at the Frisbee convention. (4) Tr

Q : Constant cost industry of production

When Del’s production function and costs are characteristic for wheat farmers and when wheat farming is a constant cost industry, in that case in the long run, there the price of wheat will be: (i) $4 per bushel. (ii) $6 per bushel. (iii) $8 per

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.

Discover Q & A

Leading Solution Library

Avail More Than 1453221 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1922660
Asked

3,689

Active Tutors

1453221

Questions
Answered

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

Submit Assignment