--%>

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...

   Related Questions in Microeconomics

  • Q : Function of negative economic profits A

    A function of negative economic profits is to: (w) attract new firms into the industry. (x) keep competition within. (y) signal to other firms to invest their capital into this industry. (z) correct resource allocations by forcing firms generating los

  • 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 : About greatest economy Does Europe and-

    Does Europe and- USA or China have the greatest economy?

  • Q : Downward-sloping demand curve The law

    The law of demand is graphically demonstrated by: (1) Movement all along the supply curve. (2) The downward-sloping demand curve. (3) The rightward shift of demand curve. (4) Shifting of production possibilities. C

  • Q : Existence of Economies of Scale I have

    I have a problem in economics on Existence of Economies of Scale. Please help me in the following question. Economies of the scale exist whenever, as output is raised: (i) Average costs increase. (ii) Explicit costs increase relative to the value of output. (iii) Aver

  • Q : Lowest price in shopping for expected

    Consumers shop for the lowest price probable for a good only till the expected benefits of shopping no longer go beyond the expected: (w) maximum legal prices for the good. (x) prices available in the black market. (y) transaction costs related with a

  • Q : Bond Theorem Applications What are Bond

    What are Bond Theorem Applications and also write down its consequences?

  • Q : Short-run equilibrium of

    A purely-competitive, short-run equilibrium does NOT need which each firm: (w) produces where MC = MR = P > min(AVC). (x) experiences no excess demand or excess supply. (y) earns only zero economic profit. (z) adjust output hence m

  • Q : Where is demand perfectly price

    For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above.

    Q : Illustrate ready-to-eat cereal industry

    Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)