الله سوق تنافسية مثالية In perfect competitive market .12 الشركات ھی A. A few firms dominate the industry B. Firms are price takers C. Products are differentiated. الشركات لديها وفورات الحجم .D. Firms have economies of scale الد
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- Of the above table C. If the umber of IT graduated students rise to 400 in 2020 what will be the demand b What they show? Interpreter them. for computer? 10. Discuss in detail the short and long run laws of production. 11. What business strategies a manager of Micro and Small Enterprise should adope withstand the shock to his/her business due to COVID-19? 3Femi's Hook NLadder is the only company selling fire engines in the fictional country of Alexandrina. Femi initially produced eight trucks, but then decided to increase production to nine trucks. The following graph gives the demand curve faced by Femi's HookNLadder. As the graph shows, in order to sell the additional fire truck, Femi must lower the price from $80,000 to $40,000 per truck. Notice that Femi gains revenue from the sale of the additional engine, but at the same time, he loses revenue from the initial eight engines because they are all sold at the lower price. Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $40,000 rather than $80,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $40,000. PRICE (Thousands of dollars per fire engine) 220 200 180 160 140 120 100 BO 60 40 20 1 2 6 6 7 QUANTITY (Fire…Give typing answer with explanation and conclusion Which of the following characteristic(s) does not describe a competitive market? 1. A market where firms can freely enter or exit the market. 2. A market where firms sell a differentiated product. 3. A market with few buyers and sellers. 4. A market where firms sell a nearly identical product. Choices A.2 and 3 B.1, 2 and 3 C.1, 3, and 4
- A firma has market power if it cun a minimize costs. b. hire as many workers as it needs at the prevailing wage rate. c. maximize profits. d. influence the market price of the good it sells,Price nd cost d Refer to the diagram to the right which shows the cost and demand curves for a proft - maximizing tem in a perfectly competitive market. if the market price is $30 and the firm is producing output, what ia the amount of the fem's proft or lose? MC ATC A. koss of $1,080 AVC t 40.50 A36.00 OB prott of S1,440 OC. loss of $2.520 30.00 MR OD. profit of $1,300 22.00 20.00 130 180 240 QuartyIn an economy operating under perfect competition, wheat prices and trading volume were in balance at a certain level. Although there is no change in the amount of demand, the balance affected by one of the reasons on the side is wmm m disturbed; caused a decrease in wheat prices in the market. This reason causing the deterioration of the market balance; Which of the following could be? www A. During the production period, a significant seasonal famine arose. B. A significant increase in bread prices in the country; It also had a decreasing effect on wheat prices. A. In the said production period, abundance was experienced in wheat production as a result of the very good season. www D. Income levels of the people in the country have increased. w wwwwww E. There was an unexpected increase in the population of the country and an increase in wheat imports. m
- a. In the long run, what is the firm's equilibrium production decision? b. In the long run, what is the market equilibrium price and quantity? What is the industry's long-run supply curve? c. In the long run, how many firms will stay in the industry? d. If the government decide to impost a $7 tax per unit, what is the new long-run equilibrium market price and quantity? e. How many firms are producing after the taxPrice (dollars per pound) S Market price 2 0 10 20 30 Supply of apples 40 Demand for apples 50 Quantity (thousands of pounds) Price and cost (dollars per pound) Market price 2 10 يلا 20 30 40 ATC -D-MR 50 Quantity thousands of pounds) Given the two diagrams, the left showing the market supply and demand, the right showing a typical individual firm in this competitive market, what would you expect will happen over time? Existing firms will increase output with positive profits. Existing firms will exit the market and average profits by market firms will remain positive. New firms will enter the market and average profits by market firms will remain positive. Existing firms will exit the market and average profits by market firms will be zero in the long run. New firms will enter the market and average profits by market firms will be zero in the long run.Economic research suggests that US environmental regulations have _____. Select one: a. Made US firms less competitive against their global competitors. b. Had no discernable effect on US competitiveness. c. Made US firms more competitive against their global competitors.
- I am a Solar panel company, that manufactures and distributes solar panels in the US market. Two years ago it had 5 competitors but the government stimulus in the industry has encouraged 7 new US competitors ti ebter the market. In these circumstances, my solar panel company's price for its output ......Price and cost (dollars) 50 40 .ATC 10 MC MR 10 Quantity (thousands of households) 20 30 40 50 The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC is left unregulated, what is the price of cable television in Oakland? $20 $30 $10 $40 30 20Q:1 Describe the market structure and Calculate short run output, Price and profit Warner by Green Bull. Q:2 What could be the potential Long-run Price output equlibrium for Green Bull? Clearet State the conditipns and charastericts of such an equlibrium Q:3 Calculate the range which a Long-run equlibrium Price/output would ve found for Green Bull. Is there opportunity for economic profits in the Long run?