--%>
Assignment Help - homework help

Long-run supply curve for films

A raise in the demand for video films also raise the salaries of actors and actresses. Is the long-run supply curve for films probable to be horizontal or upward sloping?  Describe.

The long-run supply curve is based on the cost configuration of the industry. If there is fixed supply of actors & actresses, as more films are generated, higher salaries have to be offered.  Therefore, the industry experiences increasing costs.  In increasing-cost industry, the long-run supply curve is rising sloping.  Therefore, the supply curve for videos would be upward sloping.

   Related Questions in Biology

  • Q : Describe pioneer species Describe

    Describe briefly about pioneer species? And also write down the role of pioneer species?

    		•
  • Q : State Product Positioning Product

    Product Positioning: It is a marketing strategy which aims to build a brand occupy a distinct 'position,' associate to the competing brands, in the memory of the customer. Firms apply such strategy either through emphasizing the distinguishing charact

    		•
  • Q : Explanation of myeloma protein Give a

    Give a brief explanation of myeloma protein.

    		•
  • Q : Define Systems Security Systems

    Systems Security: It is the control and access of computer system's resources, the information and operating system files. This can be managed by security software installed in the computer. The other meaning might refer to any type of system which se

    		•
  • Q : Describe briefly the term fossils

    Describe briefly the term fossils?

    		•
  • Q : Three main types of RNA Write down the

    Write down the three main types of RNA? Give a brief explanation of heterogeneous RNA?

    		•
  • Q : Amnion taken as an adaptation to

    Why can the amnion also be taken as an adaptation to terrestrial life?

    		•
  • Q : Define Local Area Network or LAN Local

    Local Area Network (LAN): It supplies networking capability to a group of computers in close immediacy to each other like in an office building, a school, or a home. The LAN is helpful for sharing resources such as printers, files, games or other appl

    		•
  • Q : Biological inactivity When an insect

    When an insect larva is inside the cocoon, is really a stage of the total biological inactivity?

    		•
  • Q : Situational factors - Personality

    An individual's personality may change in different situations. The demands of different situations may call for different aspects of one's personality. Therefore, we should not look at the personality factors in isolation. Although certain generalizations can be made about personality, there exi

    		•