--%>
Assignment Help - homework help

Increasing cost industries when incurred losses

When resource supply curves facing an industry are positively sloped, in that case the exit of firms which have incurred losses will result in: (w) higher prices and lower output for the industry, although lower average production costs for the surviving firms. (x) higher prices and lower output by each firm, as well as higher average production costs. (y) reduced prices and rising output for the industry at higher average costs. (z) rising output along with higher average production costs and lower prices for the goods produced.

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

   Related Questions in Microeconomics

  • Q : Price discriminate maximizes joint

    When a successful cartel which cannot price discriminate maximizes the joint profits of its members: (1) the marginal social benefits of additional output exceed the marginal social costs of output. (2) this is impossible for any consumer to gain with

    		•
  • 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 : Example of price elasticity of demand

    When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price

    		•
  • Q : Problem regarding to tax wedges in

    In equilibrium, a tax upon a good tends to because of the: (1) supply to exceed the demand. (2) quantity supplied to exceed the quantity demanded. (3) demand prices of consumers to exceed the supply prices of sellers. (4) competitive

    		•
  • Q : How consumption influence the

    How does rise in price of a substitute good in consumption influence the equilibrium price?

    		•
  • Q : Psychological Pricing Define the term

    Define the term Psychological Pricing and what are their aspects?

    		•
  • Q : Operation of profit maximizing

    While marginal cost is positive, a profit maximizing monopolist will control where marginal revenue is: (w) positive. (x) negative. (y) zero. (z) positive, zero, or negative, depending upon elasticity of demand.

    Q : Demand for Labor-Market Power Can

    Can someone please help me in finding out the accurate answer from the following question. The monopolist in product market will hire a labor to a point where the: (i) Marginal revenue product of the labor equivalent its marginal factor cost. (ii) The value of margina

    		•
  • Q : Operating in state-Right-to-Work Laws

    When it is illegal to necessitate union membership as a condition of employment for firm, then the firm: (1) Needs all the employees to sign the yellow dog contracts. (2) Can’t sign an agency shop agreement with the union. (3) Can need settlement before workers

    		•
  • Q : Negatively-related measure of the

    The proportion you would lose when you bought an asset and instantly sold it is a negatively-related measure of the assets: (1) net present value. (2) liquidity. (3) par value. (4) abandonment cost. (5) transactions ratio. Hey frie

    		•