Purely competitive market at equilibrium point

Seek advice on Accounting
Ask an Expert Now!

Ask Question & Get Answer

Hire Tutor Anytime for 24x7

Purely competitive market at equilibrium point

Homework Help >> Question >> 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.

Question Posted On: 7/18/2013 7:36:00 AM, Microeconomics

Speakers
Related Questions in Microeconomics

No Speakers Found!

Please write your message here!! This is moderated by tutors regular!!

Name:

Email:

Message:

Constructing a model of Production
Can someone please help me in determining the right answer from the following question.

Voluntary Poverty and Involuntary

Shut down point of profit maximizing
A profit maximizing competitive firm will shut down within the short run when: (w) prices do not cover average total costs.

Problem relating to Changes in Demand
Airlines considerably decreased the number of flights accessible in the year 2005, as compared to flight availability during the year 2000.

State drawbacks of barter system State
State drawbacks of barter system: A) Both sale and purchase must take place concurrently implying double coincidence of wants.

Economic Rent of Demand Curve When D 0

Negative income tax programs Negative
Negative income tax program s attack poverty through: (w) levying heavy taxes on the poor to encourage them to work more.

Average of incurring total fixed costs
This brickyard is incurring total fixed costs which average about: (1) $200 daily. (2) $300 daily. (3) $400 daily. (4) $500 daily (5) $600 daily.

Problem on marginal returns Select the
Select the right ans wer of the question. Refer to the following data.

Wage Differentials-similar wages Can
Can someone please help me in finding out the accurate answer from the following question.

Academic Subjects

Business Studies

Engineering

Follow Us