--%>
Assignment Help - homework help

Operations of constant cost industries

Purely competitive industries operating under circumstances of constant cost have long-run supply curves which are: (w) horizontal. (x) upward sloping. (y) downward sloping. (z) equal to LRATC for every firm.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Resources-Intermediate Goods Can

    Can someone please help me in finding out the precise answer from the following question. Intermediate inputs into the production procedure would comprise: (1) Crude oil. (2) Tennis shoes. (3) Untreated water. (4) Flour.

    		•
  • Q : Relatively price inelastic demand in

    When a firm possesses some market power, in that case the firm’s marginal revenue is negative inside the range of output where demand is: (i) price elastic. (ii) unitarily elastic. (iii) relatively price inelastic. (iv) perfectl

    		•
  • Q : What is the equilibrium price and

      Objectives: This assessment item relates to the course learning outcomes 1, 2 and 3 as listed in Part A. Question 1 (22 marks) (a) Consider the market represented by the schedule in the table below. (5 marks) Price Quantity demanded Quantity

    		•
  • Q : Determine area of maximum profit For

    For LoCalLoCarbo maximum profit equals the area of the rectangle as: (1) 0P1bq2. (2) bdP4P1. (3) 0P4dq2. (4) bcP3P1. (5) 0P2fq4.

    Q : Facing a demand curve by purely

    A purely competitive firm faces a demand curve which is: (1) perfectly inelastic. (2) upward sloping. (3) perfectly elastic. (4) a vertical line. (5) downward sloping. Can anybody suggest me the proper explanation

    		•
  • Q : Problem on buyers and sellers

    The supply and demand are affected by the time in sense that the longer the time interval considered, the: (1) Less sensitive sellers and buyers are to price changes. (2) Much sensitive sellers and buyers are to price changes. (3) Bigger is supply and

    		•
  • Q : Monopsonistic firms-Pay lower wages I

    I have a problem in economics on Monopsonistic firms-Pay lower wages. Please help me in the following question. Relative to the firms hiring in a competitive labor market, the monopsonistic firms tend to: (1) Hire more workers. (2) Hire labor up to a

    		•
  • Q : Illustrates average variable cost curve

    LoCalLoCarbo has become the favorite of fad dieters. There in curve E shows: (1) LoCalLoCarbo’s marginal cost curve. (2) LoCalLoCarbo’s average variable cost curve. (3) LoCalLoCarbo’s average total cost curve. (4) the market demand curve facing LoCal

    		•
  • Q : Illustrate the meaning of deflationary

    Meaning of deflationary Gap: This is the gap among excess of aggregate supply over the aggregate demand at complete employment level.

    		•
  • Q : Tax in long run relatively inelastic

    You daily buy author-published books of poetry that are relatively inelastically supplied within the long run. Then government imposes a tax upon books of poetry. Then tax is probable to be borne primarily through: (1) retail book stores. (2) consumer

    		•