--%>
Assignment Help - homework help

Horizontal sum of the quantities in market supply curves

The short-run supply curve for a purely competitive industry is the horizontal total of the: (a) quantities demanded by consumers at each price. (b) prices charged by individual firms for each quantity supplied. (c) quantities supplied by established firms at each possible price. (d) quantities supplied by new firms entering the industry at every price.

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

   Related Questions in Microeconomics

  • Q : Price elasticity of demand DVDs of games

    Moving from point c to point d beside demand curve D, the price elasticity of demand DVDs of video games equals: (1) 0.8. (2) one. (3) 1.10. (4) 1.25. (5) 2.50

    Q : Problem on organizing the business The

    The individual who wants to begin up a business, however who not want to risk in losing personal property if the business fails, must organizes the business as: (1) Sole proprietorship. (2) Partnership. (3) Corporation. (4) Unlimited partnership.

    Q : High economic profits High economic

    High economic profits for firms are least probable to arise by: (1) important market power. (2) “cut-throat” competitive pricing policies. (3) superior products. (4) unusually efficient managers. (5) price-maker behavior.

    Q : Problem on Value in Use Can someone

    Can someone help me in finding out the right answer from the given options. The value in use of your favorite Frisbee is described whenever you: (1) Play Frisbee with dog. (2) Sell it for $100 to your elder brother. (3) Auction it off at the Frisbee convention. (4) Tr

    		•
  • Q : What is fiscal deficit Fiscal deficit :

    Fiscal deficit: When TE (RE + CE) > TR (RR + CR) of the government, excluding borrowing. It is termed as fiscal deficit.

    		•
  • Q : Decreasing Marginal Utility Can someone

    Can someone help me in finding out the right answer from the given options. The diminishing marginal utility law defines that: (i) Net utility rises up to a point and then reduces as more units of good are consumed. (ii) Net utility reaches a negative value if the goo

    		•
  • Q : Equilibrium interest rates on financial

    Equilibrium interest rates on different financial securities tend to be negatively associated to: (1) the time remaining until an asset matures. (2) default, exchange rate, and interest rate riskiness of an asset. (3) liquidity. (4) savers’ time

    		•
  • Q : Enter an industry by barriers to entry

    Barriers to entry: (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are fundamentally technological instead of economic. (z) stimulate aggressive competition.

    		•
  • Q : Elimination of featherbedding Can

    Can someone help me in finding out the right answer from the given options. The labor union goals for members don’t usually comprise: (i) Higher wages. (ii) Better working conditions. (iii) Bigger fringe advantages. (iv) Elimination of feather-bedding.

    		•
  • Q : Labor Unions and Union membership I

    I have a problem in economics on Labor Unions-Union membership. Please help me in the following question. The union membership is most widespread among: (1) White collar workers. (2) Managers and Supervisors. (3) Blue collar workers. (4) Young, upward

    		•