--%>
Assignment Help - homework help

Shifting supply of curve by entry of firms

When the price for Christmas trees is initially P1, in that case in the long run: (w) firms will neither enter nor exit this industry. (x) entry of firms will shift curve supply curve A to the right. (y) exit of firms will shift supply curve A to the left. (z) entry of new firms will shift that firm’s curve F to the right.

1091_supply and demand1.png

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

   Related Questions in Microeconomics

  • Q : Utility Analysis problem The marginal

    The marginal utility curve can much loosely be translated into the demand curve by: (1) Measuring its declining part in dollars. (2) Transforming utils into the prices. (3) Horizontally summing up everyone’s MUs at each and every price. (4) Setting MUa/Pa = MUb/

    		•
  • Q : Determine marginal revenue and marginal

    While this firm maximizes economic profits, in that case marginal revenue and marginal costs would be: (1) $4 per unit. (2) $6 per unit. (3) $8 per unit. (4) $10 per unit. (5) $12 per unit.

  • Q : Monopsonistic exploitation-labor union

    The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (i) Price discrimination. (ii) Monopolistic exploitation. (iii) Feather-bedding. (iv) Blacklisting. (v) Monopsonistic expl

    		•
  • Q : Theory of production and cost

    The theory of production and cost supposes that the firms seek to maximize the: (i) Society's economic welfare. (ii) Their own gains. (iii) Sales revenues. (iv) Gross National Product. (v) National income. Find out

    		•
  • Q : Backward Bending Labor Supplies Graph

    Graph for the supply of labor might be backward bending since: (i) The substitution effect overtakes the income effect at some wages. (ii) Overtime workers get pay for time and a half. (iii) The substitution effect. (iv) The income effect is much powerful than substit

    		•
  • Q : Determine elasticity of supply when

    When a $5 price hike raises the number of tanks of dehydrated water supplied into this market from point a to point b, there elasticity of supply is: (w) 4.5. (x) 3.0. (y) 1.5. (z) 0.5.

    Q : Marginal revenue of individual

    For an individual price-taker firm, marginal revenue is: (w) another term for profit. (x) constant and equal to price. (y) less than price. (z) negatively sloped. I need a good answer on the topic

    		•
  • Q : Illustration of demand for Spurs tickets

    Can someone help me in finding out the precise answer from the given options. In the year 2005, the San Antonio Spurs basketball team increased all ticket prices and attendance surpassed the year 2004 attendance, pointing out a raise in the: (i) Upward slope of ticket

    		•
  • Q : Define price ceiling Price ceiling :

    Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the common people at a reasonable price. In India the go

    		•
  • Q : Short-run losses of shuts down firm

    When a firm shuts down, short-run losses of it equals total: (w) implicit costs. (x) variable costs. (y) fixed costs. (z) resource costs. I need a good answer on the topic of Economics problems. Pl

    		•