Maine has a very active lobster industry, which harvests lobsters during the summer months. The rest of
Question:
Maine has a very active lobster industry, which harvests lobsters during the summer months. The rest of the year lobsters can be obtained from other parts of the world, but at a much higher price. Maine is also full of “lobster shacks,” roadside restaurants serving lobster dishes that are open only during the summer.
Explain why it is optimal for lobster shacks to operate only in the summer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
This is an example of a temporary shutdown by a firm when the market price lies below the shu...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The rectangular member OAB, shown in the figure, is held horizontal by the round hooked bar AC. The modulus of elasticity of both parts is 10 Mpsi. Use superposition to find the deflection at B due...
-
A hand-operated hydraulic cylinder has been designed for use where space is severely limited. Determine the magnitude of the force exerted on the piston at D when two 90-lb forces are applied as...
-
Maine has a very active lobster industry, which harvests lobsters during the summer months. The rest of the year lobsters can be obtained from other parts of the world, but at a much higher price....
-
Law Management Services began business on January 1, 2012, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office...
-
An experiment with fruit flies involves one parent with normal wings and one parent with vestigial wings. When these parents have an offspring, there is 3/4 a probability that the offspring has...
-
Is an increase in the marginal income tax rate reflected by a shift in the after-tax supply of labor or a movement along the supply curve when the pretax wage rate is on the vertical axis? Explain...
-
Quilts R Us (QRU) is considering investing in a new patterning attachment with the cash flow profile shown in the table below. QRU's MARR is 13.5 percent/year. a. What is this investment's external...
-
Hudson Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory...
-
4. Ethan bought new car worth $60 000. After 5 years, the car was worth $35 429.40. Calculate the depreciation rate of the Ethan's car. [T4] [C2]
-
Which of the following events will induce firms to enter an industry? Which will induce firms to exit? When will entry or exit cease? Explain your answers. a. A technological advance lowers the fixed...
-
Draw a short-run diagram showing a U-shaped average total cost curve, a U-shaped average variable cost curve, and a swoosh-shaped marginal cost curve. On it, indicate the range of output and the...
-
What are the benefits and limitations of electronic spell-check and writing-analysis software?
-
This presents an interesting dilemma. Are the stereotypes present in folktalessuch as the beautiful, kind, and helpless princessbad? Will they damage today's children's concepts of gender-appropriate...
-
Calculate the 97.5% expected shortfall using the overlapping periods method in conjunction with historical simulation and the cascade approach. Relevant data on the indices is on the author's website...
-
1)Develop a traffic profile 2)Be able to develop a traffic profile 3)Explain what a traffic line is 4)How can a shipper help a carrier reduce costs? 5)What are the factors that influence road...
-
1-You have an unlimited amount of water, but you need to measure100 ounces into the target cup. You only have three cups: one thatmeasures 127 ounces, one that measures 21 ounces, and one...
-
Instructions: Prepare a document in which you define the following concepts: Bribery. Corruption. Environment. Sustainability. Global warming. Answer the following questions: Why do you think there...
-
Determine the polar moment of inertia of the area shown with respect to (a) Point O, (b) The centroid of the area. -2.7 in. Semiellipses 2.7 in.- I.S in. 0.9 in.
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
Suppose that in a year an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. a. Graph the production possibilities curve for the...
-
Are the following statements true or false? Explain in each case. a. Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods....
-
Beer and pizza are complements because they are often enjoyed together. When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the...
-
An aging of Castle Dale Company's accounts receivable as of December 31 revealed the following: Amount % Uncollectible Current $20,000 2% 1-30 days 50,000 4% 31-60 days 30,000 7% Over 60 days 10,000...
-
if a loaf of bread costs $2.50 today and next year it costs $2.90, What is the yearly increase of a loaf of bread? And what's your guess for the year after?
-
Use the following account balances from the adjusted trial balance of Black Consulting: points Debit Credit Account Balance Balance 00:27:29 Cash 24,100 Accounts Payable 2,000 P. Black, Capital...
Study smarter with the SolutionInn App