Please tell me the question in picture attached which of the multiple choice questions are correct. Given a competitive market equilibrium with normal supply and demand curves:Select one or more:O a. Firms are always price makersO b. firms are price takersO c. A rise in demand will lead to the possibility of an economic rent for some firmsO d. prices are fixedExcess supply in a competitive market with no interventionSelect one or more:O a. Will lead to a rise in priceO b. Will lead to rationingO c. Will lead to diseconomies of scaleO d. Will lead to a fall in priceGiven labour market equilibrium with identical workers, as set out in CORESelect one or more:O a. Unemployment is always voluntaryO b. Workers who are involuntarily unemployed cannot gain a job at any wageO c. A Nash equilibrium existsO d. Measured unemployment will be zeroIn the same model of the labour market as in the previous question,Select one or more:O a. A rise in labour supply will lead to a rise in wagesO b. Given a constant mark-up a rise in labour productivity will lead to higher wagesO c. A rise in product market competition will lead to a higher mark-upO d. Equilibrium employment is given by the intersection of the wage and profit curvesThe value of an ordinary shareSelect one or more:a. Will fall if future profit forecasts are higher than expectedO b. Is always at its fundamental valueO c. Can rise and fall along with market sentimentO d. Will rise if a firm introduces some cost saving innovation

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Given a competitive market equilibrium with normal supply and demand curves: Select one or more: O a. Firms are always price makers O b. firms are price takers O c. A rise in demand will lead to the possibility of an economic rent for some firms O d. prices are fixed

Given a competitive market equilibrium with normal supply and demand curves: Select one or more: O a. Firms are always price makers O b. firms are price takers O c. A rise in demand will lead to the possibility of an economic rent for some firms O d. prices are fixed

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please tell me the question in picture attached which of the multiple choice questions are correct.

Given a competitive market equilibrium with normal supply and demand curves:
Select one or more:
O a. Firms are always price makers
O b. firms are price takers
O c. A rise in demand will lead to the possibility of an economic rent for some firms
O d. prices are fixed
Excess supply in a competitive market with no intervention
Select one or more:
O a. Will lead to a rise in price
O b. Will lead to rationing
O c. Will lead to diseconomies of scale
O d. Will lead to a fall in price
Given labour market equilibrium with identical workers, as set out in CORE
Select one or more:
O a. Unemployment is always voluntary
O b. Workers who are involuntarily unemployed cannot gain a job at any wage
O c. A Nash equilibrium exists
O d. Measured unemployment will be zero
In the same model of the labour market as in the previous question,
Select one or more:
O a. A rise in labour supply will lead to a rise in wages
O b. Given a constant mark-up a rise in labour productivity will lead to higher wages
O c. A rise in product market competition will lead to a higher mark-up
O d. Equilibrium employment is given by the intersection of the wage and profit curves
The value of an ordinary share
Select one or more:
a. Will fall if future profit forecasts are higher than expected
O b. Is always at its fundamental value
O c. Can rise and fall along with market sentiment
O d. Will rise if a firm introduces some cost saving innovation

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