Describe what would happen to the industry supply curve and the economic profits of the firms in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
If firms are currently earning economic profits that will att...View the full answer
Answered By
Milan Mondal
I am milan mondal have done my Msc in physics (special astrophysics and relativity) from the University of burdwan and Bed in physical science from the same University.
From 2018 I am working as pgt physics teacher in kendriya vidyalaya no2 kharagpur ,west bengal. And also I am doing advanced physics expert in chegg.com .also I teach Bsc physics .
I love to teach physics and acience.
If you give me a chance I will give my best to you.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If reserve requirements were eliminated, what would happen to the deposit expansion multiplier?
-
What would happen to the dissolved load of a stream if the velocity decreased?
-
What would happen to the loanable funds supply curve if there was both an increase in current disposable income and a decrease in new technologies creating investment opportunities?
-
In the context of supply and demand under international trade, when will a country decide to export a particular good? Import a good? Who gains and loses under each decision?
-
In practice, planning and control are inseparable. One example of their inseparability is the fact that the results of control activities serve as inputs for the next planning cycle: for example, a...
-
Employees at a construction and mining company claim that the mean salary of the companys mechanical engineers is less than that of one of its competitors, which is \($88,200.\) A random sample of 20...
-
Analyze the ways in which Europeans attempted to extract wealth from their colonies in the 19th and 20th centuries.
-
Consider the following all-integer linear program: Max 5x1 + 8x2 s.t. 6x1 + 5x2 30 9x1 + 4x2 36 1 x1 + 2 x2 10 x1, x2 0 and integer a. Graph the constraints for this problem. Use dots to indicate...
-
Your state needs new sources of electricity, and the local utility is considering either a coal burning power plant or a nuclear power plant. You live downwind of the proposed plant site. Decide...
-
There is a parcel of land next to the Playful Paws, Inc. building. Ellen, the owner of this property, approached John to discuss the idea of selling it to him. John is interested. Ellen knows that...
-
Evaluate the following statements. Determine whether each is true or false and explain your answer. a. If economic profits are zero, firms will exit the industry in the long run. b. A firm cannot...
-
Given the industry description, identify each of the following as an increasing- or constant-cost industry. a. Major League Baseball: Uses the majority of pitchers. As the number of pitchers used...
-
The purpose of damages is to award monetary compensation for a breach of contract to compensate the injured party for the losses suffered. Indicate two limitations on this principle.
-
The electric field in some region is given by E origin, (x, y) = (0, 0), is defined to be Vo What is the electric potential at point (x, y) == = 0. (4.41 + 6.43) N/C. The electric potential at the...
-
Swifty Company has an old factory machine that cost $52,000. The machine has accumulated depreciation of $29,120. Swifty has decided to sell the machine. (a) Prepare a tabular summary to record the...
-
Stellar Corporation issued a 4-year, $39,000, 4% note to Greenbush Company on January 1, 2025, and received a computer that normally sells for $30,530. The note requires annual interest payments each...
-
American Food Services, Incorporated, acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2024. . In payment for the...
-
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president asked you to review the company's costing system and "do what you can to...
-
In 2016, the exchange rate changed from 108 yen per U.S. dollar in April to 104 yen per U.S. dollar in May, and to 109 yen per dollar in June. What information would you need to determine the factors...
-
What is a make-or-buy decision?
-
Barely 10 days old, Stephen Elops Hello there memo has already become a classic example of how not to fire people. It is a 1,110-word document stiff with appropriate financial envelopes, rampdowns...
-
Why will even successful cartels tend to break down over time? Why might they break down more in hard times than in good?
-
How is non-collusive oligopoly like a military campaign or a poker game?
-
What impact does easy entry have on the profitability of oligopolies?
-
Assignment: Email Your Instructor Instructions: Planning < > Read the document, Professional Email for D2L, to understand the etiquette and layout for this email. This is SharePoint file. If you...
-
Find the entry for Customer number: 216582, Region: East, Date of sale: 1/1/2015, Brand: Jeffrey Alexander, Collection: Torino, Description: 3" CC pull, List price: $2.52, Quantity 380. What is the...
-
H Week Four Discussion Post a response to this prompt on the discussion board: 1. Which part of the essay (introduction paragraph, thesis statement, body paragraphs, topic sentences, conclusion...
Study smarter with the SolutionInn App