--%>
Assignment Help - homework help

Determine probable price taker

Of the given firms, the probably to be a price taker would be: (1) Microsoft. (2) Wal-Mart. (3) Toyota. (4) the Los Angeles Lakers. (5) the biggest wheat farm in Canada.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Precise Equality of Income Distribution

    Precise equality of income distribution is demonstrated by: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

    Q : Resource market in equilibrium demand

    When the resource market shown in this illustrated figure is initially within equilibrium along with demand curve D0: (w) owners of these resources currently receive no economic rents. (x) economic rent is specified by area

    		•
  • Q : Changes in Bonds and Interest Rates

    When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)

    		•
  • Q : Saving and the Supply of Loanable Funds

    The principal eventual lenders/savers within financial markets are: (w) business firms. (x) the government. (y) households. (z) foreign investors. I need a good answer on the topic of Economics pro

    		•
  • Q : Patents and freedom of entry and exit

    The LEAST compatible of such with the other three sets would be as: (w) entrepreneurship and innovation. (x) uncertainty and risk. (y) pure profit and monopoly. (z) patents and freedom of entry and exit. Hey friends please give you

    		•
  • Q : Zero economic profits in long-run

    In long-run equilibrium, a monopolistically competitive firm is making: (a) economic profits. (b) zero economic profits. (c) negative economic profits. (d) revenues that exceed total costs. Can anybody suggest me t

    		•
  • Q : Law of demand in Ceteris Paribus Can

    Can someone help me in finding out the right answer from the given options. The law of demand supposes that the income and tastes of the consumers are: (i) Strong determinants of the prices. (ii) Causes of movements all along the demand curve. (iii) C

    		•
  • Q : Long run equilibrium for a purely

    In long-run equilibrium for a purely competitive firm: (w) MC = P = MR = min.(LRAC). (x) MC = TR = PQ = AVC. (y) LRAC = PQ = TVC + TFC = MR. (z) P = Q = wL + rK = Y. Can anybody suggest me the proper explanation fo

    		•
  • Q : Unitarily elasticity in supply curve At

    At point b, in demonstrated figure the supply curve into this graph is: (w) perfectly elastic. (x) elastic, but not perfectly that why. (y) unitarily elastic. (z) inelastic.

    Q : Long run adjustments The resources of a

    The resources of a firm in the long run which has consistently suffered economic losses are probably to: (i) move into a more profitable industry. (ii) share losses equal to the firm’s fixed costs. (iii) be merged into a firm along with better m

    		•