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 : Estimate total revenue when unitarily

When the demand for computer hard drives is unitarily price elastic among lower prices and current prices, lowering prices slightly will yield as: (w) higher total revenue. (x) lower total revenue. (y) no change in total revenue. (z)

Q : Define Oligopoly and its characteristics

Explain the term Oligopoly? Also explain its Characteristics?

Q : Dynamic Tit-for-Tat Carlos and Ivana

Carlos and Ivana are friends and roommates. They eat together despite who cooks. But this cooking game is repeated mostly every evening, across time the probable result would be which: (1) neither Carlos nor Ivana cook, nor do they eat. (2) Carlos alone cooks for both

Q : Intermediaries earn income to help

In the long run within a market system, all intermediaries earn income only when they help sellers and buyers: (w) raise surpluses. (x) by innovating new products. (y) reduce transaction costs. (z) ga

Q : Demand of Substitute Goods I have a

I have a problem in economics on Demand of Substitute Goods. Please help me in the following question. All as well equivalent, raised prices for a new Toyotas will most instantly rise the: (1) Price cuts essential for ‘lemons’ to be sold b

Q : Problem on I-Proprietorships The

The business owned and operated by the lone individual is a/an: (i) Unit of labor. (ii) Entrepreneurship. (iii) Corporation. (iv) Sole proprietorship. Can someone please help me in finding out the accurate answer from the above opt

Q : What is Imperfect data Imperfect data :

Imperfect data: Most studies start with imperfect data. Few datasets involve the entire population of interest. Typically, the data has been gathered by others for specific purposes, and as such may have built in b

Q : Generating utility through production I

I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above.

Q : Output level of profit maximizing of

The profit maximizing competitive firm in illustrated graph will: (i) produce output level q5. (ii) minimize total costs by producing output level q3. (iii) experience fixed costs equal to 0P3fq4. (iv) produce output level q4. (v) inevitably experienc

Q : Market demands for automobiles The

The market demands for automobiles are not rapidly and directly influenced by modifications in: (i) Income. (ii) Gasoline prices. (iii) Salaries paid to auto-workers. (iv) The number of legal drivers. (v) Preferences and tastes.

Discover Q & A

Leading Solution Library

Avail More Than 1417885 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1953790
Asked

3,689

Active Tutors

1417885

Questions
Answered

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

Submit Assignment