--%>
Assignment Help - homework help

Market price of long-run equilibrium

When this firm is typical in this purely competitive market, in that case long-run equilibrium for Christmas trees will be reached at a market price is of: (1) P1. (2) P2. (3) P3. (4) P4. (5) Not computable from these figures.

1638_supply and demand1.png

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Rates of Return below Investment When,

    When, relative to most another forms of business, farm incomes are tiny in comparison to farmers’ net wealth, in that case: (w) rates of return in agriculture are below those from other investments. (x) agriculture generates pos

    		•
  • Q : Increase profit of cartel-member A

    A member of a cartel would be probably to increase its profits by: (1) undercutting the prices of other cartel members when this did not get caught. (2) setting its price above which of other cartel members. (3) aggressive nonprice marketing promotion

    		•
  • 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 : Marginal revenue-product of labor The

    The monopsonist will hire labor till labor's marginal resource cost equivalents the: (1) The value of average product of labor. (2) Price of labor. (3) Marginal revenue product of labor. (4) Marginal physical product. Choose the ri

    		•
  • Q : Output produced by profit maximizing

    A profit maximizing monopolist produces output where: (i) MR = MC as long as the corresponding price exceeds average variable costs [P>AVC]. (ii) marginal revenue minus marginal costs [MR - MC] is maximized. (iii) price minus average cost is maximi

    		•
  • Q : Why is the ATC bigger than AVC Why is

    Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC

    		•
  • Q : Problem on price elasticity and total

    A) Use the table below to draw graphs that show the relationship between price elasticity of demand and total revenue. <

    		•
  • Q : Depicts shift of the budget line The

    The shift of the budget line from cd to ab in the below  given figure is consistent with: 1) decreases in the prices of both M and N . 2) an increase in the price of M and a decrease in the price of N . 3) a decrease in money income. 4) an increase in money inc

    		•
  • Q : Simultaneously and automatically

    When fear that giant firms will default onto their debts drives down the prices of corporate bonds, in that case: (w) established corporations will rely more heavily onto sales of stock to secure funds. (x) interest rates onto these bonds increase sim

    		•
  • Q : Occurrence of equilibrium in the

    Long-run equilibrium occurs while: (w) MR = MC > P (x) P = MC = MR = ATC (y) ATC > P = MC(z) P = MR = MC = AFC I need a good answer on the topic of Economics problems. Please give me yo

    		•