Purely competitive market at equilibrium point

For a purely competitive market at any equilibrium point on the short-run supply curve: (w) all firms have identical marginal costs. (x) economic profit is positive. (y) accounting profit is normal. (z) marginal revenue = average cost.

Hey friends please give your opinion for the problem of Economics that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Highest income in supply Glynn s weekly

Glynn s weekly income would be the highest at: (1) point a. (2) point b. (3) point c. (3) point d. (4) point e. 1621_Labor-Leisure Trade-off</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Transfer payment by excesses income A

A person’s wage income into excess of which that would be received by accepting the next best optional use of his or her talents is: (1) an economic rent. (2) a transfer payment. (3) an interest premium. (4) a salary bonus. (5) nominal wages.

Q : Collective Bargaining and Monopsonistic

Can someone help me in finding out the right answer from the given options. Assume that sales of generic beds are highly competitive and Deluxe Beds is just significant employer in Nowhere, Nevada. When deluxe workers unionize and

Q : Quality and safety in Adverse Selection

The popular sporting goods magazine publishes a report on quality and safety of different brands of ski equipment. This report would be most probable to determine a problem consumer’s face since of: (i) Adverse selection. (ii) Brand-name bias. (iii) High priced

Q : Market in terms of economists To

To economists, the noun ‘market’ signifies to: (1) The geographic place where many products are sold. (2) Any institution which enables sellers and buyers to strike bargains. (3) The New York Stock Exchange. (4) Selling goods and resources or stocks and bo

Q : Please In the quintile distribution of

In the quintile distribution of income, the term "quintile" represents: A 5 percent of the income receivers. B 10 percent of the income receivers. C 15 percent of the income receivers. D 20 percent of the income receivers.

Q : Consumer goods-Durable and nondurable I

I have a problem in economics on Consumer goods-Durable and nondurable. Please help me in the following question. Consumer goods comprise durable and nondurable goods, and: (i) Capital equipment. (ii) House-hold goods. (iii) Services. (iv) Electronic goods.

Q : Optimization and Heuristics Can someone

Can someone help me in finding out the right answer from the given options. No one can execute all the mental gymnastics essential to perfectly process information and hence all their decisions are mathematically optimal, therefore most of the people rely heavily on m

Q : Determine possibly accurate order of

Which of the given in lists of taxes or taxed goods is possibly in accurate order from most backward-shifted to most forward: (w) Tobacco, property, general sales and payroll. (x) Land, payroll, tobacco and property. (y) Tobacco, payroll, corporate in

Q : Production possibilities analysis Refer

Refer to the given diagram. As it associate to production possibilities analysis, the law of increasing opportunity cost is reflected in curve:1) A 2) B 3) C 4) D

Discover Q & A

Leading Solution Library

Avail More Than 1438986 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1942777
Asked

3,689

Active Tutors

1438986

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment