--%>

Effects of technology advances in expectations

The market prices for big plasma screen TVs are most probable to fall as an effect of: (1) Strikes by unionized workers in the electronics factories in Korea, Japan and China. (2) Seller expectations of Scarcities of plasma screen TVs. (3) Best Buy running competitors out of business by profiting additional market power over on maintenance if it absorbed the Geek Squad. (4) Reductions in the quantity demanded for plasma screen TVs. (5) Growing expectations by the potential buyers that plasma technology will advance very fast.
Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Inefficiency of market equilibrium When

    When firms have market power although do not price discriminate perfectly, in that case the market equilibrium will be inefficient since: (w) P = AC = MC. (x) total revenue equals total costs [TR = TC]. (y) MSB = P > MC = MSC. (z)

  • Q : Typical pure competitor firm in industry

    When this firm is a typical pure competitor within this industry as in demonstrated figure, then the firm is: (i) making normal accounting profit. (ii) making zero economic profit. (iii) breaking even. (iv) into an industry within long run equilibrium

  • Q : Plans of buyers and sellers I have a

    I have a problem in economics on Plans of buyers and sellers. Please help me in the following question. The equilibrium price for the good is a price at which: (1) The plans of both sellers and buyers are realized. (2) Subjective prices merely offset

  • Q : Price consistent with profit-maximizing

    HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. So the price consistent along with HoloIMAGine's profit-maximizing output would be of: (1) price P1. (2) price P2. (3) price

  • Q : Point of hiring labor for profit

    The entire profit maximizing firm will hire additional labor up to the point where the: (i) Average physical product of the labor equivalents the nominal wage. (ii) Last unit of labor adds equally to net revenue and net cost. (iii) Marginal product of the labor is at

  • Q : Marginal revenue when market price

    When the market price of a good is $50 and a purely competitive firm raises its output from 20 units, marginal revenue of it is: (w) $50. (x) $1000. (y) $2.50. (z) $0.40. I need a good answer on th

  • Q : When is marginal costs equivalent to

    A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor

  • Q : Minimum Wage Laws-Unemployment Rises in

    Rises in the legal minimum wage rate have not been answerable for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment between skilled workers who have lost their jobs since of competition from the cheaper impo

  • Q : Imposition of price ceilings The

    The imposition of price ceilings which are below equilibrium generally results within: (w) shortages and net decreases in economic efficiency. (x) more efficient allocations of scarce resources. (y) greater consumer satisfaction and b

  • Q : Total utility and marginal utility Can

    Can someone please help me in finding out the accurate answer from the following question. The paradox of the value (also termed as the diamond-water paradox) occurs from: (1) High transaction costs. (2) Low transaction costs. (3) Failures to differentiate among the m