--%>

Prices of output and economic profit in industry

for a purely-competitive decreasing-cost industry in a short run equilibrium in that typical firms temporarily produce economic profits, and the average total costs a typical firm incurs are positively associated to the: (w) number of close substitutes for output. (x) prices of output and economic profit into the industry. (y) number of firms in the industry. (z) magnitude of barriers to entry within the industry.

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

   Related Questions in Microeconomics

  • Q : Ecomomics Which one of the following

    Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to changes in taxes and government expenditures made by Congress to stabilize the economy. B. Discretionary fiscal policy refers to any change in government spending or taxes

  • Q : Raise Interest Rates with Investment

    Interest rates will rise when: (1) the supply of loanable funds grows. (2) the average maturities of corporate bonds issued decreases. (3) most households decide to decrease the liquidity of their portfolios of assets. (4) households increasingly defe

  • Q : State excess demand or inflationary gap

    State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.

  • Q : Pure economic profit on rate of return

    Owners of corporate stock obtain pure economic profit only to the extent which the rates of return realized by owning the stock exceed the: (1) interest rate that would have been produced by other investments entailin

  • Q : Market interest rates for different

    Market interest rates for different financial assets are positively associated to the: (w) expected rate of inflation. (x) liquidity of the assets. (y) efficiency of financial intermediation. (z) preferences of people about consuming in the future ins

  • Q : Explain the term PHP Explain the term

    Explain the term PHP?

  • Q : Thought of economists for law of equal

    Explain different thought of economists for law of equivalent marginal advantage.

  • Q : Marginal revenue of purely competitive

    When boosting output by hundred units raises total revenue by $1200, in that case a purely competitive firm’s marginal revenue the same as: (w) $1,200. (x) $120. (y) $12. (z) $120,000. I need a good answer on

  • Q : Buying on margin What does “ buying on

    What does “buying on margin” means?

  • Q : Labor Union Goals-Minimum employment

    Can someone please help me in finding out the accurate answer from the following question. When a union achieved the maximum possible hourly wage: (i) All of the members would be pleased. (ii) Employment would as well be maximized. (iii) Employment would be at minimum