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.

View Complete Question

Related Questions in Microeconomics

Q : Price elasticity on straight line curve

Find out the price elasticity of supply at any point on a straight line curve when A) supply curve intersects ox axis in its negative range B) supply curve intersects ox axis in its positive range. C) Supply curve passes via the origin?

Q : Examples of Labor

The contracts needing employment after some worker’s jobs have been made obsolete through automation are illustrations of: (i) Blacklisting. (ii) Labor-reducing protectionism. (iii) Check-off provisions. (iv) Yellow dog contracts. (v) Feather-bedding.

Q : Profit-maximizing unregulated monopoly

No profit-maximizing unregulated monopoly will function in the inelastic portion of the demand curve this faces since: (w) marginal revenue is negative. (x) total revenues are negative. (y) total revenue falls as less is produced. (z) marginal revenue

Q : Quantity demands equivalent quantity

These supply and demand curves for sugar propose that the: (1) demand price exceeds the supply price at quantity Q2. (2) technology should advance to allow output to develop to Q4. (3) quantity demanded equals quantity supplied at P1.

Q : Economic minimized losses or maximized

When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos

Q : Price elasticity of demand coefficient

A price elasticity of demand coefficient of infinity implies that: (w) the demand curve is horizontal. (x) each 1 percent price hike elicits a 1 percent increase in revenue. (y) total revenue increases proportionally as a firm increases its price. (z)

Q : Demand and supply problem Assume that

Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

Q : Problem on marginal resource cost Can

Can someone help me in finding out the right answer from the given options. Despite of the market structures, the firms maximize gain by hiring labor where the: (i) Marginal revenue product = marginal resource cost. (ii) Marginal r

Q : Deadweight Losses and Taxation Whenever

Whenever a tax on a good outcome less government revenue than the sum of the losses of producer and consumer surpluses due to tax, economists state that the tax has caused a/an: (1) Administrative loss. (2) Market failure. (3) Economic loss. (4) Bureaucratic loss. (5)

Q : Price inelasticity of supply The price

The price elasticity of supply is zero therefore supply is perfectly price inelastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1432134 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950130
Asked

3,689

Active Tutors

1432134

Questions
Answered

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

Submit Assignment