Fill in the spaces in the table below with either a yes or a no Perfect competition Short run Long run Abnormal profits possible Losses possible Allocatively efficient Productively efficient ...

Short run Long run Perfect competition Yes Yes Abnormal prof ...

Fill in the spaces in the table below with either a yes or a no. Perfect competition

Question:

Fill in the spaces in the table below with either a yes or a no.

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Course Book 2020

ISBN: 9781382004961

2020 Edition

Authors: Jocelyn Blink, Ian Dorton

See More Books

Question Posted: Feb 17, 2024 02:00 AM

See More Questions

Complete the following table with either a yes or no regarding the attributes of a proprietorship, partnership and corporation. Proprietorship Attribute Present I. Business taxed. 2. Business entity...
Businesses use budgets to plan for the future. Thats what you will be doing for this assignment. Rather than budgeting for your current financial situation, I want you to put together a budget for...
Sketch the graph of the function. y = e -x/2
Continuing from Exercise 7.25, after part (a), a. Perform a test so that the smaller subarray is processed by the first recursive call, while the larger subarray is processed by the second recursive...
Review the contents of The Wall Street Jour-nal for the past three months. Then, identify and cat-egorize the types of investment decisions appearing in the journal according to the types of...
Suppose $V=V(S)$. Find the most general solution of the Black-Scholes equation.
Fruity Juices, Inc. produces five different flavors of fruit juice: apple, cherry, pomegranate, orange, and pineapple. Each batch of product requires processing in three departments (blending,...
The salesman at the lot of Smiles Pre-Owned Vehicles told the woman buying the car that it was in "mint condition." Is this an express warranty? Why or why not?
Have you ever walked down a street in a tourist area and seen a lot of restaurants with similar menus? Explain why the restaurants might be considered to be operating in monopolistic competition.
1. Explain why a firm in perfect competition is a "price-taker". 2. Draw the following diagrams. Be sure to use a ruler and to include accurate labels for the axes. Also, be sure that your MC curves...
Find the derivatives of the following function. p(t) = t2e2t.
Non-self-correcting controls are also known as _____ controls. Question 3 options: 1) Preventive 2) Feedback 3) Performance 4) Sampling
Supporters of the gold standard for national currencies believe that this precious metal provides: A. An effective hedge against price inflation. B. fixed exchange rates between all currencies. C....
In condensed balance sheets, it is common for corporations to collapse all of their current assets and current liabilities into a single figure. Identify this figure. Net Working Capital Ending Cash...
Many companies use negotiated transfer prices when Blank______. Multiple select question. there is no external market price there are cost savings on internal transfers commissions are paid to...
When the company receives payment before service is provided or product is sold, Cash is ___________ and Unearned Revenue is _________. Question 15 options: Debited; Credited Credited; Debited...
Hinali Corporation issued $1,000,000 of 7 percent bonds on October 1, 2010 at 96. The bonds are dated October 1 and pay interest semiannually. The market interest rate is 8 percent, and Hinalas...
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
Assume that a hypothetical economy with an MPC of .8 is experiencing severe recession. By how much would government spending have to increase to shift the aggregate demand curve rightward by $25...
Use the aggregate expenditures model to show how government fiscal policy could eliminate either a recessionary expenditure gap or an inflationary expenditure gap (Figure 28.7). Recessionary and...
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economys built-in stability?
= cx(b - x), Given: A particle P travels on a path described by the Cartesian coordinates of y where x and y have the units of meters. The x-component of velocity, x, for P is constant. Find: For...
Q3 (15p) A schematic of thermal boundary layer development on an isothermal flat plate with a constant free stream flow velocity (u) is shown below. The plate is made of pure iron and the flow is...
Air enters an air conditioning unit at 1 atm, 30 C, and 70% relative humidity, at a dry air flow rate of 100 m/hr. It leaves the unit as saturated air at 14 C. Condensate is also removed at 14 C. For...

Fill in the spaces in the table below with either a yes or a no. Perfect competition

Question:

Perfect competition Short run Long run Abnormal profits possible? Losses possible? Allocatively efficient? Productively efficient?

Step by Step Answer:

Short run Long run Perfect competition Yes Yes Abnormal prof...View the full answer

Economics Course Book 2020

Students also viewed these Business questions