--%>
Assignment Help - homework help

Horizontal summation of individual firms demands

The purely competitive industry’s demand for the labor is: (i) Less elastic than the horizontal summation of individual firm’s demands. (ii) Perfectly elastic. (iii) Upward sloping as of the diminishing marginal returns to labor. (iv) Equivalent to the horizontal summation of demand curves of the individual firms. (v) Not influenced by the modifications in demand for the product of industry.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Pricing for profit-car parking The

    The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.

    		•
  • Q : Find total revenue when relatively

    When the demand for Tantalizingly Tart Tangerine-ade of Tasty Toni is relatively price elastic, then Toni can boost her total revenue through: (w) raising her price. (x) keeping her price similar. (y) lowering her pri

    		•
  • 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 : Reduction in demand of Complementary

    Mold that damaged the hamburger crop following a flood would be most probable to decrease the demands for: (i) fried chicken with gravy and mashed potatoes. (ii) Soda pop and bottled water. (iii) Carrots, cucumbers and egg plant. (iv) Ketchup and mustard. (v) Sushi an

    		•
  • Q : Problem on opportunity cost of consumer

    Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:

  • Q : Perfectly competitive monopolized

    When a perfectly competitive industry is monopolized along with no effect on costs in that case the result will be: (w) higher prices and greater output. (x) lower prices and greater output. (y) higher prices and lower output. (z) lower prices and low

    		•
  • Q : Economic what is the Production

    what is the Production possibility frontier

    		•
  • Q : Relatively price elastic demand for

    If a change in the supply of a good results within a percentage change into quantity demanded which exceeds within absolute value the percentage change within price, in that case demand is relatively: (i) price elastic. (ii) inferior. (iii) normal. (i

    		•
  • Q : Lacking of competition in the product

    Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (1) Less labor being appointed than if the markets were competitive. (2) More labor being hired than if the markets were competitive.

    		•
  • Q : Monopsonistic Exploitation problem In

    In equilibrium for the firm with power to adjust the salary it pays, then the rate of monopsonistic exploitation equivalents any difference among: (i) VMP and MFC. (ii) MRP and MFC. (iii) P and MC. (iv) MRP and w. (v) MR and w. Fin

    		•