Homework Answers
A firm's horizontal dimension refers to firm size in it's primary market because it is horizontal integration that helps the firm to expand in size,diversify product offerings ,reduce the amount of competition and explore in new markets.
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A firm's refers to the firm's size in its primary market. O economic profit O vertical...
If a perfectly competitive firm's marginal revenue is greater than its marginal cost, the firm O...
If a perfectly competitive firm's marginal revenue is greater than its marginal cost, the firm O A. must be making an economic profit O B. will increase its output to increase economic profit. O c. will decrease its output to increase economic profit. OD. cannot increase its economic profit O E. will lower the price.
The long-run market supply curve is Choose one :A. downward sloping. B. vertical at the profit-maximizing...
The long-run market supply curve is
Choose one
:A. downward sloping.
B. vertical at the profit-maximizing output level.
C. horizontal at the market price.
D. upward sloping.
Price MC ATC Price P= min. ATC MR -------- 9 Firm's quantity (9) (a) Individual Firm Market quantity (Q) (b) Market We were unable to transcribe this image
A bread manufacturer buys a sandwich restaurant (its former customer). This is an example of O...
A bread manufacturer buys a sandwich restaurant (its former customer). This is an example of O horizontal integration O forward vertical integration O upstream integration O backward vertical integration
There are 7 easy fundamental economic questions, it will cost you 30 seconds each, please answer...
There are 7 easy fundamental economic questions, it will cost
you 30 seconds each, please answer all of them and then I will give
positive feedback to you , thank you
36 Which type of merger aims to ensure control of retail outlets? A Conglomerate B Horizontal C Vertical backwards D Vertical forwards 37 A confectionery manufacturer buys a local newspaper. What type of merger is this? A Conglomerate integration B Horizontal integration C Vertical integration backwards D Vertical integration...
AR Refer to Figure 14-3 from question 31. If the market price is $10, what is the firm's short-run economic profit?...
AR Refer to Figure 14-3 from question 31. If the market price is $10, what is the firm's short-run economic profit? a. $9 b. $15 c. $30 d. $50 34. Figure 14-6 the MC ,ATC AVC Q1 02 03 Qanty 04 Refer to Figure 14-6. Firms will be earn losses in the short run but will remain in business if the market price a. Exceeds P2 b. Is greater than P1 but less than P3. c. Exceeds P3, d. Is...
The marginal revenue curve for a perfectly competitive firm is O A. vertical O B. a...
The marginal revenue curve for a perfectly competitive firm is O A. vertical O B. a straight line coming out of the origin with a 45 degree slope. O C. downward sloping. O D. upward aloping CE horizontal A cartel is a group of firms acting together to output, price, and increase O A. increase; raise; marginal revenue O B. limit; lower; total revenue O c. limit: raise; economic profit O D. increase; raise; economic profit
are making an economic Today, firms in a perfectly competitive market run, firms will profit. In...
are making an economic Today, firms in a perfectly competitive market run, firms will profit. In the long firns in a perfectly competitive market are making the market until all firms in the market onomic e) exit, producing at the minimum point on their long-run average cost d) a) exit; covering only their total fixed costs b) enter, making zero economic profit enter, making zero normal profit an economic profit when new firms enter 46. The firms in a perfectly...
Suppose there is a perfectly competitive market where firms are currently making a positive economic profit....
Suppose there is a perfectly competitive market where firms are currently making a positive economic profit. a) Represent this perfectly competitive market and a single firm in that market with a graph with all of the usual labels. You do not need the AVC curve. b) Mark on your graph the individual firm's profits (2 points) Suppose there was an increase in demand for this good. The next questions all refer to this event. c) Show this event on your...
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter the market. b.they earn positive economic profit. c....
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter the market. b.they earn positive economic profit. c. they sell their output at a price greater than marginal cost. d.they benefit from barriers to entry. 0 Icon Key
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter...
The worksheet MarketSize contains information on market size, market share, product price, profit margin, and market...
The worksheet MarketSize contains information on market size,
market share, product price, profit margin, and market growth.
Write formulas that compute each year’s profit and the total
10–year profit.
I G Year 1 Market size Market share Price Profit margin Market size growth Years of growth 1000 0.4 100 0.2 0.08 H I J K L M N O P R S D2 gives year 1 market size D3 gives market share (same each year) D4 gives product price (same...
If a perfectly competitive firm's marginal revenue is greater than its marginal cost, the firm O A. must be making an economic profit O B. will increase its output to increase economic profit. O c. will decrease its output to increase economic profit. OD. cannot increase its economic profit O E. will lower the price.
The long-run market supply curve is
Choose one
:A. downward sloping.
B. vertical at the profit-maximizing output level.
C. horizontal at the market price.
D. upward sloping.
Price MC ATC Price P= min. ATC MR -------- 9 Firm's quantity (9) (a) Individual Firm Market quantity (Q) (b) Market We were unable to transcribe this image
A bread manufacturer buys a sandwich restaurant (its former customer). This is an example of O horizontal integration O forward vertical integration O upstream integration O backward vertical integration
There are 7 easy fundamental economic questions, it will cost
you 30 seconds each, please answer all of them and then I will give
positive feedback to you , thank you
36 Which type of merger aims to ensure control of retail outlets? A Conglomerate B Horizontal C Vertical backwards D Vertical forwards 37 A confectionery manufacturer buys a local newspaper. What type of merger is this? A Conglomerate integration B Horizontal integration C Vertical integration backwards D Vertical integration...
AR Refer to Figure 14-3 from question 31. If the market price is $10, what is the firm's short-run economic profit? a. $9 b. $15 c. $30 d. $50 34. Figure 14-6 the MC ,ATC AVC Q1 02 03 Qanty 04 Refer to Figure 14-6. Firms will be earn losses in the short run but will remain in business if the market price a. Exceeds P2 b. Is greater than P1 but less than P3. c. Exceeds P3, d. Is...
The marginal revenue curve for a perfectly competitive firm is O A. vertical O B. a straight line coming out of the origin with a 45 degree slope. O C. downward sloping. O D. upward aloping CE horizontal A cartel is a group of firms acting together to output, price, and increase O A. increase; raise; marginal revenue O B. limit; lower; total revenue O c. limit: raise; economic profit O D. increase; raise; economic profit
are making an economic Today, firms in a perfectly competitive market run, firms will profit. In the long firns in a perfectly competitive market are making the market until all firms in the market onomic e) exit, producing at the minimum point on their long-run average cost d) a) exit; covering only their total fixed costs b) enter, making zero economic profit enter, making zero normal profit an economic profit when new firms enter 46. The firms in a perfectly...
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter the market. b.they earn positive economic profit. c. they sell their output at a price greater than marginal cost. d.they benefit from barriers to entry. 0 Icon Key
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter...
The worksheet MarketSize contains information on market size,
market share, product price, profit margin, and market growth.
Write formulas that compute each year’s profit and the total
10–year profit.
I G Year 1 Market size Market share Price Profit margin Market size growth Years of growth 1000 0.4 100 0.2 0.08 H I J K L M N O P R S D2 gives year 1 market size D3 gives market share (same each year) D4 gives product price (same...
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