--%>
Assignment Help - homework help

Exit from a competitive industry

Exit from a competitive industry will carry on till economic: (w) losses are driven to zero. (x) profits precisely offset accounting losses. (y) profit exceeds accounting profit. (z) resources have minimum incomes.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Marginal social cost and marginal

    If marginal social cost (MSC) equivalents marginal social benefit (MSB) as: (i) no injurious pollutants are being pumped within the environment. (ii) consumers enjoy more surplus than do producers. (iii) producers surplus is minimized

    		•
  • Q : Problem on market demand for housing

    All as well equivalent, population growth would tend to rise the: (i) Demand for housing for each and every family. (ii) Supply of natural resources. (iii) Shares of family budgets spend on luxuries. (iv) Market demand for housing.

  • Q : Economically inefficient level of output

    A monopolist produces an economically inefficient level of output since: (i) the difference among marginal revenue [MR] and marginal costs [marginal costs [MC] is maximized. (ii) P > average total costs [ATC], therefore MSB < MSC. (iii) all cons

    		•
  • Q : Cut in prices of Complementary Goods

    The demand for gasoline would rise rapidly after a fifty percent: (i) Drop in the price of crude oil. (ii) Discovery of main latest oil supplies. (iii) Cut in public transportation fares. (iv) Cut in latest car prices.

    Q : Market power at output market The

    The profit-maximizing firm which is perfectly competitive in the resource market however which consists of market power in the output market will hire the labor at a point where: (p) VMP = MRP = MFC = w. (q) VMP > MRP = MFC = w. (r) VMP = MRP = MFC > w. (s) VMP

    		•
  • Q : Problem on Industrial Unions I have a

    I have a problem in economics on Problem on Industrial Unions. Please help me in the following question. The United Auto Workers (or UAW) is an illustration of a(n): (1) Mechanical union. (2) Company union. (3) Craft union. (4) Industrial union.

    		•
  • Q : Problem regarding Craft Unions Can

    Can someone help me in finding out the right answer from the given options. The craft unions historically tried to systematize all the workers in: (1) A specific company, in spite of size. (2) The United States. (3) The specific broad industry. (4) Relatively highly s

    		•
  • Q : Monopolistic competitor in market When

    When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above.

    Q : Change of tastes and preferences in

    Can someone please help me in finding out the accurate answer from the following question. Most of the mass advertising is intended to influence market demand primarily by: (1) Providing full detailed information regarding products. (2) Decreasing pro

    		•
  • Q : Consumer behaviour Please, describe me

    Please, describe me what lexicographic is and its application also.

    		•