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Author Question: Consider the market for commercial ovens as a factor of production in the commercial bread industry. ... (Read 58 times)

caca31

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on: Oct 12, 2022
Consider the market for commercial ovens as a factor of production in the commercial bread industry. Assume that all commercial ovens are identical, they have a life span of 10 years, and the purchase price is $12 000. The present value of the stream of MRPs from the last oven purchased by each commercial bakery is $16 000. We can expect that
◦ investment demand by all firms will increase and there will be a tendency for the price of commercial ovens to rise.
◦ the purchase price of commercial ovens will fall until the price is equated with the PV of the stream of MRPs.
◦ investment demand by all firms will fall until the PV of the stream of MRPs falls to $12 000.
◦ profit-maximizing firms will reduce their capital stock of ovens until the PV of the stream of MRPs falls to $12 000.
◦ investment demand by all firms will rise until all firms have an identical capital stock.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by caca31 on Oct 12, 2022

tharris7314

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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caca31

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Excellent

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