--%>
Assignment Help - homework help

Monopolistically-competitive market entrance

When numerous new firms enter a monopolistically-competitive market, in that case the demand curves facing the firms previously in that market will: (1) shift to the left and turn into more price elastic. (2) become straighter and less income elastic. (3) shift to the right and become less price elastic. (4) become steeper and more income elastic. (5) shift upward to reflect higher production costs.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Present value of given interest rate An

    An interest rate of 10 percent causes the present value of $1000 acquired one year by now to be: (w) $1000. (x) $1,100. (y) $909.09. (z) $100. Hey friends please give your opinion for the problem of Economi

    		•
  • Q : Influences on union nonunion wage

    Significant influences on union non-union wage differentials comprise the: (1) Proportion of an industry which is unionized and the frequency of strikes. (2) Frequency of strikes, inflation and the collective bargaining policies. (3) Collective bargai

    		•
  • Q : Problem regarding to Government

    Suppose the market for exercise equipment is primarily in equilibrium, and after that the government places a subsidy upon the exercise equipment. The probable result would be: (1) increased production and purchases of exercise equipment. (2) that buy

    		•
  • Q : Demand is the price in the "law of

    is the price in the "law of demand" a relative price or an absolute price

    		•
  • Q : Define production function Production

    Production function: This refers to the functional relationship among inputs and outputs.

    		•
  • Q : Marginal revenue product or MRP curve I

    I have a problem in economics on Marginal revenue product or MRP curve. Please help me in the given question. Demand for the labor through a monopolist in the product market is its: (i) Value of marginal product (or VMP) curve. (ii) Marginal revenue p

    		•
  • Q : What is APC What is APC ? Answer : APC=

    What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.

    		•
  • Q : Problem on spending shares of national

    The view which big corporations unfailingly capture much stable shares of spending out of national income is: (i) Accepted by almost all the economists. (ii) Contrary to the confirmation of turnover among big over the decades. (iii) The symptom of strong competition.

    		•
  • Q : Levels of output by monopolistic

    Monopolistic competitors generate levels of output which are: (w) more than socially optimal and equitable. (x) economically efficient. (y) where marginal social benefits exceed marginal social costs. (z) certain to generate economic profits.

  • Q : Example of an explicit cost Which of

    Which of the given below is an example of the explicit cost? (i) The owner’s time. (ii) Depreciation on company owned truck. (iii) The interest which could be earned when some of the owner’s funds was not tied up in business. (iv) Salaries paid to the empl

    		•