Law of supply regarding firms

I have a problem in economics on Law of supply regarding firms. Please help me in the following question. The law of supply signifies that: (i) Firms provide less for sale at lower prices. (ii) Purchases and prices differ inversely. (iii) Minimum inventories always maximize the gains. (iv) Prices and gains differ inversely.

Select the rightmost option.

View Complete Question

Related Questions in Microeconomics

Q : Marginal revenue and average revenue

A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)

Q : Positive relationship by law of supply

The law of supply defines that there is a positive relationship among: (1) The Price and quantity supplied. (2) Technology and production. (3) Purchases and the accessibility of goods. (4) Supply and the demand it makes.

Q : Creating unhealthy dependency by

According to several critics who favor reducing welfare payments, and existing welfare programs as: (1) cannot cure poverty without substantial funding hikes. (2) are justified only when they increase total production. (3) harm poor people by creating

Q : Collective Bargaining-Check off

When a collective bargaining contract comprises a ‘check-off provision’ then: (1) Union workers can be fired if they don’t meet production quotas. (2) Firms collect the union dues by deducting them from pay-checks. (3) Workers are needed to do just t

Q : Analytic Time-Technological Long Run

The chronological time needed for the technology to respond to modifications in profit opportunities (that is, the technological long run, also termed as super long run or temporal long run) is: (1) Longer than analytical long run for firm. (2) Shorter than market per

Q : Relatively elastic of demand in

While a price hike yields a decline within total revenue, in that case the demand faced through the producing firm: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) inferior. Can anybody

Q : Determinants that consumers want to buy

In addition to price, what are the other determinants that consumers want to buy?

Q : Quantity demanded vary inversely I have

I have a problem in economics on Quantity demanded vary inversely. Please help me in the following question. The law of demand defines that price and: (1) Quantity demanded differ directly. (2) Quantity demanded differs inversely. (3) Demand differs d

Q : Labor market-Monopsony power Can

Can someone please help me in finding out the accurate answer from the following question. The firm probable to encompass significant monopsony power in its labor market would be: (1) Big cotton farm in the Texas hiring migrant workers. (2) Textile manufacturer in Hon

Q : Skill of dividing the labor work

Whenever Janet and Bob realize that Janet is a better cook and Bob is better at cleaning the lawn, dividing such chores up according to skill is known as: (1) Gains from trade (2) Brute force allocation (3) Division of labor (4) Affirmative action.

Discover Q & A

Leading Solution Library

Avail More Than 1449199 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1947560
Asked

3,689

Active Tutors

1449199

Questions
Answered

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

Submit Assignment