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juin [17]
4 years ago
5

The short-run industry supply curve is the

Business
2 answers:
tigry1 [53]4 years ago
8 0

Answer: a. horizontal summation of the short-run supply curves for all firms in the industry

Explanation: R. G. Lipsey stated that the short-run industry supply curve is the horizontal summation of the short-run supply curves for all firms in the industry. In a perfect competitive industry, each produces quantity of goods that are sold at similar prices, therefore, it is quite obvious that the industry supply curve in the short run, under perfect competition is equal to the horizontal summation of all firms’ supply curves or its marginal cost curves (shows the change in the total cost that arises when the quantity produced is incremented by one unit) above the minimum point of the average variable cost curve (shows the relationship between costs incurred by a firm in the short-run production of a good or service and the quantity produced curve).

Daniel [21]4 years ago
5 0

Answer: The correct answer is "a. horizontal summation of the short-run supply curves for all firms in the industry.".

Explanation: The supply curve of the industry, in a situation of  short term, which under perfect competition is obtained  horizontally adding supply curves  individuals of all companies.

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A Perfectly competitive firm’s entire marginal cost curve is its short-run supply curve." Is this statement true or false?
Sphinxa [80]

Answer:

False.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.

3 0
3 years ago
Describe an example of a problem that could be solved using the Coase theorem. Do this by defining a hypothetical situation wher
wariber [46]

Answer:

Explanation:

Theorem Utilization: Coase Theorem has been created to take care of the issue of market disappointment. Market disappointment exists where value component doesn't convey productive outcome.  

Example : For instance, dairy cattle of Rancher wandered into close to field. this is a sort of negative externalities. On the off chance that property right is given to rancher, at that point he can sue Rancher for making harm crop. Yet, there is no privilege to rancher, it suggests that privilege has been given to farmer. Presently here rancher will attempt to repay Rancher to lessen the size of his cows group.  

Three necessary conditions:

  1. The rights of property should be well defined.
  2. The rights of property should be transferable.
  3. The cost of transaction must be sufficiently small.

It doesn't make a difference whom property right is given, there will be effective results. Coase hypothesis bombs where haggling cost rises or free rider issues are seen.

3 0
3 years ago
Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $2,000 as a one-time payment to secure
emmasim [6.3K]

Answer:

Security Deposit

Explanation:

Security deposit is the correct answer because this is the amount that has been considered by the owner when there is any damage occurs. This amount is paid initially which is more than the monthly payment and refundable when the agreement finishes. In the given question it can be clearly seen that the security money is more than monthly payment of $2000.

6 0
3 years ago
Si hacemos una compra en cuenta corriente ¿ obtenemos un "descuento" en el precio de un objeto o un recargo en el mismo ?
baherus [9]

Answer:

Un recargo, pequeño, en el mismo.

Explanation:

Una cuenta corriente es una cuenta bancaria destinada a depósitos y retiros corrientes, y la utilización de cheques a tales fines. Dado que el uso de cheques como medio de pago ha disminuido a niveles muy bajos, la emisión de cheques ha disminuido y, en ocasiones, se ha abolido por completo. Sin embargo, la cuenta corriente a nombre sobrevive en algunos casos en el habla cotidiana.

El propósito de una cuenta de transacciones es usarse para una gran cantidad de depósitos y retiros. Los términos y condiciones de la cuenta normalmente incluyen el derecho a realizar un número ilimitado de transacciones con los fondos de la cuenta sin ningún tipo de bloqueo u otras medidas de limitación de liquidez. Por otro lado, el banco normalmente ofrece tasas de interés muy bajas o nulas sobre los fondos en circulación.

Hoy en día, la cuenta de transacciones a menudo está vinculada a varias formas de soluciones de banca por Internet para permitir pagos y otras transacciones a través de la computadora del cliente del banco. El banco también suele proporcionar tarjetas de cajero automático o tarjetas de débito a particulares con cuentas de transacciones.

6 0
3 years ago
Why do we need resources?
Vesna [10]

Answer:

we need resources because they are important for the development of the country.

false

human resources can be categorized into three groups

resource- a natural source of wealth or revenue

false

coal

true (I think)

false

true

banks

apples

false

3

5 0
3 years ago
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