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factor pricing means the payments made to various factors of production .for example- land,labour ,capital,entrepreneur gets rent,wages,interest and profit respectively for their contribution in production.
under perfect competition supply of labour is perfectly elastic.(i.e. supply curve is drawn parallel to x-axis.).
to understand factor pricing ,one needs to get acquainted with marginal productivity theory of production first which states that factors are paid the value of their marginal physical product.price of a factor is determined by its total demand and supply schedules.
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What is the factor payments in different market structures both in factor and product market?
In different market structures, factor payments vary based on the level of competition and pricing power. In perfect competition, factors like labor and capital are paid according to their marginal productivity, leading to equal wage rates across firms. In monopolistic markets, firms may pay higher wages or rents to attract talent or resources due to their pricing power, while in oligopolistic markets, factor payments can be influenced by strategic interactions among firms. In the product market, prices reflect the degree of competition, affecting the revenue available for factor payments.
Define the marginal production theory?
if the situation of perfect competition prevails in the economy then reward to each factor will equal to its productivity
What the importance of time element in the determination of price in perfect competition?
In perfect competition, the time element is crucial for price determination as it influences supply and demand dynamics. In the short run, prices can fluctuate based on immediate changes in demand or supply, while in the long run, firms can adjust their production levels, leading to a return to equilibrium prices at the level of average costs. Additionally, the time factor affects consumers' and producers' expectations, which can impact market behavior and pricing strategies. Thus, understanding the time dimension helps in analyzing how prices stabilize in a perfectly competitive market.
What single factor determines how resources are allocated in a market?
Resource Pricing
What factor affect price?
What factors usually affect pricing?
What is the factor payments in different market structures both in factor and product market?
In different market structures, factor payments vary based on the level of competition and pricing power. In perfect competition, factors like labor and capital are paid according to their marginal productivity, leading to equal wage rates across firms. In monopolistic markets, firms may pay higher wages or rents to attract talent or resources due to their pricing power, while in oligopolistic markets, factor payments can be influenced by strategic interactions among firms. In the product market, prices reflect the degree of competition, affecting the revenue available for factor payments.
Define the marginal production theory?
if the situation of perfect competition prevails in the economy then reward to each factor will equal to its productivity
What subject matters are being discussed at X Factor Forum?
X Factor Forum is an online forum where viewers of the popular singing competition show the X Factor can discuss the show. Subject matters currently being discussed at X Factor Forum include who will be the new judges, what contestants viewers like the most, and who viewers think should win the competition.
Factors affecting pricing decision?
There are various factors that affect the pricing decisions of a company. Customer, competition, economical factor's such as weak buying power or recission and the host govt laws. Besides these factors internal factors of companies are also affectimg the priciog decision.
What is the perfect square and a factor of 1200?
4 is a perfect square an a factor of 1200
What is the largest perfect square factor of 48?
The largest perfect square factor of 48 is 16.
What is a perfect square factor?
All numbers have factors. Some factors are perfect squares. We call these perfect square factors. 9 is a perfect square factor of 27.
What is the perfect square factor of 12?
Well, darling, the perfect square factor of 12 is 4. You see, 4 times 4 equals 16, which is the closest perfect square without going over 12. So, there you have it, 4 is the perfect square factor you're looking for.
What the importance of time element in the determination of price in perfect competition?
In perfect competition, the time element is crucial for price determination as it influences supply and demand dynamics. In the short run, prices can fluctuate based on immediate changes in demand or supply, while in the long run, firms can adjust their production levels, leading to a return to equilibrium prices at the level of average costs. Additionally, the time factor affects consumers' and producers' expectations, which can impact market behavior and pricing strategies. Thus, understanding the time dimension helps in analyzing how prices stabilize in a perfectly competitive market.
What is perfect square factor of 17?
1 is a perfect square.
How do you simplify a radical?
factor the perfect square simplify the perfect root factor out the perfect cube simplify the perfect root √32 = √16 = √8◦2 = 4√2 move 8 out and simplify it to a perfect square
What is the perfect square factor of 10?
10 has no perfect square factors (other than the trivial factor 1).
