--%>
Assignment Help - homework help

Generate economic profit by a firm capability

A firm is most certain to be capable to generate an economic profit when: (1) this is a monopoly. (2) entry within its industry in the short run is prevented through barriers to entry. (3) its marginal costs are less than the marginal costs of its competitors. (4) its workers have important amounts of specific human capital. (5) several part of its average total cost curve is below several part of the demand curve that faces.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Theory of the Firm The advantages that

    The advantages that firms confer on society do not comprise: (i) Decreasing the transaction costs. (ii) Raising consumer purchasing power. (iii) Facilitating the specialization in production. (iv) Raising the consumer demand. (v) Boosting the national income.

  • Q : Problem relating to Moral Hazard When

    When insurance companies pay back insured individuals for all the medical bills they submit: (1) Hypochondria will tend to be cured very rapidly. (2) People would tend to frequent the doctor's office more frequently. (3) An immoral choice problem would foster underuti

    		•
  • Q : Monopolies in short run Within the

    Within the short run, there monopolies can: (i) make economic profits. (ii) break even. (iii) make economic losses. (iv) All of the above. Hey friends please give your opinion for the problem of Economics <

    		•
  • Q : Difference between planned and actual

    Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<

    		•
  • Q : Elasticity of supply when price hike

    When a $5 price hike raises the number of tanks of dehydrated water supplied in this market from point e to point f, the elasticity of supply: (i) 2.333. (ii) 2.000. (iii) 1.667. (iv) 1.333. (v) 0.600. How can I so

    		•
  • Q : Types of good An increase in the income

    An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good

    		•
  • Q : Problem of what to produce Describe the

    Describe the problem of What to produce?

    		•
  • Q : Critics of contestability theory

    Critics of contestability theory argue which: (i) easy entry and exit isn't enough to make sure competitive prices. (ii) even though the firms charged a competitive price for their goods, that they would not have the incentive to make the competitive

    		•
  • Q : Occurrence of Adverse Selection When an

    When an NFL football team obscures information regarding damage to a former all-pro linebacker’s knees prior to trading him to the other team, the team which receives that player loses since of: (1) Immoral hazard. (2) Malfeasance. (3) Perverse selection. (4) Ad

    		•
  • Q : Market Power and Monopsony Power-

    Assume that a firm with market power in the output market wants to develop and that hiring more workers needs it to raise salaries 8 percent for all the workers. Output prices will most likely: (i) Increase 8 percent to cover the wage rise. (ii) Increase less than 8 p

    		•