Home / Questions / Evidence suggests that as the amount of market power possessed by the firms in an industry
Evidence suggests that as the amount of market power possessed by the firms in an industry increases, the amount of X-inefficiency will decrease.
66) All else constant, an increase in the level of competition among firms would be expected to reduce the amount of X-inefficiency that exists in a particular industry.
67) Labor resistance can be a major impediment to increased productivity in many firms.
68) One of the major motivations for labor resistance to productivity enhancing changes in a production process is the resulting threat to job security.
69) An increase in the number of people in the United States with health insurance could cause the cost of providing health care services to increase as the incentive for health care providers to minimize costs decreases.
70) There is considerable evidence to support the assertion that legislated input combinations have reduced the costs of production in affected industries.
71) In the long-run average cost function, only the amount of capital is allowed to vary.
72) When a firm is experiencing economies of scale, the minimum point of the firm's short-run average total cost curve shifts down as it expands its scale of production.
73) Assume that as a firm expands its scale of operation, the minimum point of its short-run average total cost curve is unchanged. In this case, we would say that the firm is experiencing diseconomies of scale.
74) Diseconomies of scale are illustrated graphically by an upward shift of the firm's long-run average cost curve.
Dec 07 2019 View more View Less
A firm is considering an investment in a numerical controlled milling machine needed for a ten (10) year project life. Three alternatives are under consideration. The fir...
May 24 2021how can you determine where the equilibrium of a reaction lies?
Jul 19 2021Antonio's is analyzing a project with an initial cost of $44,000 and cash inflows of $26,000 a year for 2 years. This project is an extension of the firm's current operat...
May 21 2020Explain the primary advantage of a general ledger account.Here is a tip:Think about how a company could keep a permanent record of all of the business activities that it ...
Aug 10 2021Consolidated Balance Sheet with Reciprocal OwnershipTalbott Company purchased 80 percent of Short Company’s stock on January 1, 20X8, at underlying book value. At that da...
Jul 09 2020exercise is designed to help you develop a better understanding of the parts of speech. Using what you learned in Chapter 1, write a brief definition or description of th...
Jun 09 2021Insert necessary punctuation in the following sentences. In the space at the right, indicate the number of punctuation marks you inserted. Write C if the sentence is corr...
Jul 15 2021What is the effect on total assets and stockholders equity of paying the telephone bill as soon as it is received each month? A. decrease total assets, decrease stockh...
Nov 21 2019The market price of a security is $42. Its expected rate of return is 9%. The risk-free rate is 4%, and the market risk premium is 7%. What will the market price of the s...
Jul 30 2021Tiger Company recently exchanged an old truck, which cost $54,000 and was one-third depreciated, and paid $35,000 cash for a used crane having a current fair value of $65...
May 03 2018