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?

View Complete Question

Related Questions in Microeconomics

Q : Company Unions-tools for managers Can

Can someone please help me in finding out the accurate answer from the following question. Unions which act primarily as the tools for managers of a firm are termed as: (1) Managerial unions. (2) Company unions. (3) Wildcat unions. (4) Union-busters.

Q : Internal financing in Corporate Finance

Can someone help me in finding out the precise answer from the given options. The corporations might get internal financing by: (i) Borrowing from the stockholders. (ii) Reinvesting the corporate income rather than paying it out as the dividends to stockholders. (iii)

Q : Elimination of exploitation The removal

The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (1) Should set wages via collective bargaining agreements with th

Q : Economies of Scope problem In the year

In the year 1960s, suburbanites start to landscape by employing bark which had formerly been discarded whenever Clear-Cut Forestry Products turned logs to lumber whereas decimating old-growth forests. The extra operating revenue to Clear-Cut from selling bags of bark

Q : Economies of Scope-Firms using

Firms which use similar production facility or groups of inputs to concurrently generate various kinds of products are taking benefit of: (1) Tax loop-holes. (2) Variegated production. (3) Economies of scope. (4) Economies of scale. (5) Monopoly power.

Q : Marginal social costs exceed the

When governments compelled pharmaceutical producers to manufacture and sell at least Q3 penicillin, in that case the: (1) purely-competitive firms which produced penicillin would experience persistent economic profits. (2) resulting inadequate antibiotic tr

Q : Problem on wage discrimination Firms

Firms which discourage the workers from discussing their salaries or wages are most likely engaged in the policies of: (i) Respect for the worker’s privacy. (ii) Monopolistic exploitation. (iii) Perfect competition. (iv) Cooperation rather than competition. (v)

Q : Define Real Rate of Interest Define

Define Real Rate of Interest in Economics?

Q : Problem regarding Minimum Wage Laws I

I have a problem in economics on Problem regarding Minimum Wage Laws. Please help me in the following question. The consequence of minimum wage legislation on the teenagers has most likely been: (i) Greater unemployment. (ii) Greater employment. (iii) Full employment.

Q : Oligopoly in market structure Unlike a

Unlike a monopolistically competitive firm, which an oligopoly is described by: (w) product differentiation. (x) extensive use of advertising. (y) conscious interdependence in decisionmaking by firms. (z) independence among firms.

Discover Q & A

Leading Solution Library

Avail More Than 1411905 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959538
Asked

3,689

Active Tutors

1411905

Questions
Answered

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

Submit Assignment