--%>
Assignment Help - homework help

Increasing-cost industries average

Within increasing-cost industries average there are: (w) production costs fall as output increases. (x) production costs rise as the number of firms in the industry grows. (y) production costs rise when the number of firms into the industry falls. (z) production costs rise when output increases.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Marginal social costs exceed the

    When governments compelled pharmaceutical producers to manufacture and sell at least Q3 penicillin, in that case the: (1) purely-competitive firms which produced penicillin would experience persistent economic profits. (2) resulting inadequate antibiotic tr

    		•
  • Q : Weakest and least efficient producers

    Cartels are generally supported most strongly by: (w) the largest and most efficient producers in the industry. (x) the weakest and least efficient producers in the industry. (y) buyers of the output of the industry. (z) consumer advocate groups.

    		•
  • Q : Elasticity of demand as price-total

    Increasing the price of a product definitely raises total revenue when the elasticity of demand is as: (w) infinity. (x) unitary. (y) relatively elastic. (z) relatively inelastic.

  • Q : Best society according to Utilitarianism

    Utilitarianism states that the best society is one which gives the: (1) Essential goods to meet people’s requirements. (2) Biggest happiness for the greatest number of people. (3) Precise measurement of disutility and utility. (4) Highest guaran

    		•
  • Q : Economic profit of purely competitive

    Purely competitive firms will experience economic profit, in a short-run equilibrium which is: (w) zero. (x) positive. (y) negative. (z) negative, zero, or positive are all possibilities. Hey friends please give yo

    		•
  • Q : Reason why giant corporations dominate

    John Kenneth Galbraith refuses theories which suppose profit maximization in competitive markets. According to him, the big corporations dominate the economic activity as: (1) Corporate managers look for maximum gains for stockholders. (2) Government policies are mani

    		•
  • Q : Substantial market power Any firm which

    Any firm which has substantial market power that: (i) confronts a perfectly elastic demand curve. (ii) can sell as much as this wants at the price that chooses. (iii) strongly affects the price of its output. (iv) is one of several firms in an industr

    		•
  • Q : Define Optimal Sample Size Optimal

    Optimal Sample Size: The optimal or suitable size of sample in a survey or poll is the function of four discrete factors: 1. Size of the population: The size of the

    		•
  • Q : Opportunity Cost to the User An

    An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m

    		•
  • Q : Determine demand and supply when

    If, throughout a period while video iPods are gaining popularity, the technology to create them enhances, in that case demand: (w) and supply would both decrease. (x) and supply would both increase.  (y) increases when supply decreases. (z) decreases when supply

    		•