Fixed costs of a purely competitive firm

The fixed costs of a purely competitive firm are: (w) incurred within the short run even if no output is produced. (x) wage payments and raw materials costs. (y) the bulk of short run opportunity costs. (z) not found by earlier decisions.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Problem based on type of economy Tell

Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.

Q : Least consistency for law of demand The

The demand curve for socket sets from the list below which is least consistent along with the law of demand is: (w) demand curve D1D1. (x) demand curve D2D2. (y) demand curve D3D3

Q : Upwardly sloping supplies of resources

When supplies of some resources are upwardly sloping to an industry, in that case increasing the industry’s output results within: (w) higher output due to increased profits from falling input prices. (x) reductions of output because of increase

Q : Measure Liquidity An asset’s associate

An asset’s associate “liquidity” is inversely measured through the: (w) transaction costs in dealing within the asset as a proportion of the market price of the asset. (x) time it takes to convert this to cash. (y) “backing&rdq

Q : Analytic Time-Short Run I have a

I have a problem in economics on Analytic Time-The Short Run. Please help me in the following question. In short run: (1) At least one resource is fixed. (2) Firms can enter or exit the industry. (3) Economies of the scale are present. (4) Total fixed cost rises with

Q : Standard of Income Distribution

According to the requirements standard of income distribution: (w) marginal productivity is easily measured. (x) people’s needs are proportional to their marginal products. (y) income must be distributed in proportion to people’s needs. (z

Q : Determine prises when demand and supply

The demand for textbooks has transferred from D0 to D1 whereas supply changed from S0 to S1. Such shifts make sure that the market equilibrium: (w) price will increase. (x) price will fall.

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 : Contribution Standard The concept that

The concept that people must have income in proportion to their productivity is termed as the: (1) equality standard of distribution. (2) productivity standard of distribution. (3) needs standard of distribution. (4) utility standard

Q : Inelastic proportion of demand in

This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve.

Discover Q & A

Leading Solution Library

Avail More Than 1442415 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961571
Asked

3,689

Active Tutors

1442415

Questions
Answered

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

Submit Assignment