Assuming gator farming is perfectly competitive, explain the long-run competitive equilibrium condition for the typical gator farmer
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Positive economic profits attract new gator farmers to enter the industry and shif...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Use the following graph to answer the questions below. a. What is the monopolist's profit-maximizing output? b. At the profit-maximizing output rate, what are average total cost and average revenue?...
-
A firm pursuing international entry as a growth strategy has several options and must choose the most appropriate method to entering a foreign market or establishing manufacturing facilities in...
-
The Isle of Veritas has made it illegal to trade with the outside world. Only two commodities are consumed on this island, milk and wheat. On the north side of the island are 40 farms. Each of these...
-
Write a memo to an employee whose work and behavior have been unsatisfactory. (You are the department manager.) Try to motivate the employee to improve his performance. Be brief, direct, honestand as...
-
LaDanions Limos reports net income of $130,000, average total assets of $700,000, and average total liabilities of $340,000. Calculate LaDanions return on assets and return on equity ratios.
-
Verify that the standard half-cell potentials reported in Table 9.1 for the reactions between cupric, cuprous, and solid copper and Cu+e Cut, Cu+ + 2 e Cu,
-
An example of a response from Amazon when this textbook you are reading was chosen online follows. It indicates that some people who purchased this text also tended to purchase The World Is Flat,...
-
Venture Investors, LLC, is trying to decide how much percent equity ownership in Black Hawk Products, Inc., it will need in exchange for a $5 million investment. Vail Venture Investors has a target...
-
The growth rate for the firm's common stock is 7%. The firm's preferred stock is paying an annual dividend of $5. What is the preferred stock price if the required rate of return is 8%?
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
Draw short-run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligator farms in Florida doubled. For simplicity, assume the gator...
-
What are some relevant public policy questions when government considers breaking up a monopoly?
-
The balance sheets of Banton Ltd as at 31 August 2024 and 31 August 2023 are shown below: You are also given the income statement of Banton Ltd for the year ended 31 August 2024: Further information...
-
Question 1 The following table shows the relationship between the number of workers and output on a given hour. Each worker costs $45 per hour, and the firm pays $200 for equipment. Table 1 Workers...
-
Activity 1: Policy review and development** Identify two policies and procedures that require updating in response to any new legal requirements or change in regulations or standards. Ensure that one...
-
How do cultural norms and contextual factors influence the manifestation and expression of emotional intelligence across diverse socio-cultural contexts, and what considerations should organizations...
-
The Svenson Furniture Company sells a popular coffee table that comes unassembled and includes three baskets in the lower part of the assembled table. The percentage of good quality tables is 8 0 % ....
-
Hint: consider writing one pattern for the fallure case and another pattern for the success cas 3. Write an awk script num_bytes. awk that records the number of bytes requested in each alloc call....
-
The manager is scheduling employee work hours for next week. Indicate which type of function the manager is performing in each situation: A. Planning B. Organizing C. Leading D. Controlling E. No...
-
What key concerns must functional tactics address in marketing? Finance? POM? Personnel?
-
Given aggregate demand, a decrease in aggregate supply creates: a. A higher price level and a higher GDP level. b. A lower price level and a higher GDP level. c. Cost-push inflation. d. Demand-pull...
-
If AD increases quite a bit pushing the economy toward full employment, but was creating politically unacceptable high rates of inflation, what might the government do with its spending and taxes to...
-
What impact would a dramatic increase in the world price of oil have on the national economy?
-
Answer the following questions with respect to the following Strategy pattern diagram as illustrated below 3. The relationship between StudentToSchool class and Strategy and actors with strategy?...
-
a) Design a simple relational database that captures the information required to maintain records of orders. Take into account that your design should allow a customer to order as many items as...
-
Write a procedure named AVG in assembly language which calculates and returns the average of three memory operands. Also show how this procedure will be called from main. Pass arguments (variable...
Study smarter with the SolutionInn App