--%>
Assignment Help - homework help

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...

   Related Questions in Microeconomics

  • Q : Analysis deregulation caused the

    Choose the right answer of the following problem. "The government deregulated the electricity industry in California and a shortage of electricity occurred soon . It is clear that the deregulation caused the shortage." This statement requires careful analysis becau

    		•
  • Q : Proportion of total costs I have a

    I have a problem in economics on Proportion of total costs. Please help me in the following question. Demand for the labor is more elastic as the: (1) Bigger labor costs is as proportion of net costs. (2) Shorter the time-interval considered. (3) Bigg

    		•
  • Q : Typical purely competitive firm in

    The typical purely competitive firm: (w) is both a price maker and a quantity adjuster. (x) operates within the inelastic range of the demand curve. (y) should decide how much to produce at prices set through the market. (z) tries to maximize total sa

    		•
  • Q : Calculating Firms accounting profit I

    I have a problem in economics on Calculating Firms accounting profit. Please help me in the following question. The firm has $50,000 in implicit costs, and the economic profit of $10,000. This firm’s: (i) Explicit cost equivalent $40,000. (ii) Accounting profit

    		•
  • Q : Total increase in national income In an

    In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.

    		•
  • Q : Illustration of Distribution of Income

    An illustration of distribution of income in accord along with the contribution standard occurs while: (1) the federal government relies on a very progressive income tax for most of its revenue. (2) production is produced, “from each, according

    		•
  • Q : What is the revenue of a firm Revenue

    Revenue of a firm: It is the sale or money receipts from the sale of product.

    		•
  • Q : What will occur when government taxes a

    When the government taxes a good, the price consumers currently face is most probably: (w) higher than before the tax. (x) below the price the seller receives. (y) less than average production cost. (z) justified through welfare payments to taxpayers.

    Q : Maximum possible profitable firm A firm

    A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max

    		•
  • Q : Generate entry and exit long-run

    Purely competitive firms regulate to the optimum size within the long run since: (w) managers are more interested in efficiency than profit. (x) entrepreneurs want to do what is good for society. (y) entry and exit generate long-run equilibrium where

    		•