--%>
Assignment Help - homework help

Long-run supply curve for films

A raise in the demand for video films also raise the salaries of actors and actresses. Is the long-run supply curve for films probable to be horizontal or upward sloping?  Describe.

The long-run supply curve is based on the cost configuration of the industry. If there is fixed supply of actors & actresses, as more films are generated, higher salaries have to be offered.  Therefore, the industry experiences increasing costs.  In increasing-cost industry, the long-run supply curve is rising sloping.  Therefore, the supply curve for videos would be upward sloping.

   Related Questions in Biology

  • Q : Endocrine system Why endocrine system

    Why endocrine system is regarded as one of the integrative systems of the body? Name other physiological system that also has this function?

    		•
  • Q : State the term vaccine State the term

    State the term vaccine? Answer: This is a preparation of antigenic material employed to persuade immunity against pathogens.

    		•
  • Q : Key Concept of Different Views of

    The concepts for developing these different views of organizational learning come primarily from three sources: 1) The articles the authors see an organization as a culture and the juxtaposition of order and disorder often stimulates learning. 2) The social construction of knowled

    		•
  • Q : Define Sort code Define Sort code: The

    Define Sort code: The system sorts the line items in according to the content of the sort key described in the GL master. For instance: In a customer recon. Account

    		•
  • Q : Fecundation in chondrichthyes and

    How dissimilar are fecundation in chondrichthyes and osteichthyes?

    		•
  • Q : Determinants of Group Behavior -

    Group behavior in an organization is quite complex. As shown in figure below, group behavior is influenced by a number of factors, which can be classified as follows: 1)     External factors 2)     Group members' resources

    		•
  • Q : Describe the term EEG scan Briefly

    Briefly describe the term EEG scan? And as well describe the wave patterns appear in an EEG scan?

    		•
  • Q : Maturation of the ovarian Follicles

    Illustrate the name the hormone which affects the maturation of the ovarian Follicles after the menses?

    		•
  • Q : What goes wrong with strategy It sounds

    It sounds easy, doesn't it. Of course, it isn't. Many companies (dare I say the majority) create a strategy, but do not receive the benefits. And, in my experience, the benefits on offer are massive. I truly believe that a company that creates and communicates a quali

    		•
  • Q : Hypermetropia and myopia Optically

    Optically explain, the visual deficiencies known as hypermetropia and myopia?

    		•