The ability of firms to enter and exit a market over time means that, in the long
Question:
The ability of firms to enter and exit a market over time means that, in the long run,
a. the demand curve is more elastic.
b. the demand curve is less elastic.
c. the supply curve is more elastic.
d. the supply curve is less elastic.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In the figure, which of the following are opposite rays? A) Ray AB and Ray CD B) Ray CA and Ray CD C) Ray DA and Ray AD D) Ray CA and Ray BD A B C D
-
Which items may appear as deductions from the profit for the year in the appropriation account of a partnership? Drawings Interest on capital Interest on loan Partner's salary A B D
-
1. A life-saving medicine without any close substitutes will tend to have a. a small elasticity of demand. b. a large elasticity of demand. c. a small elasticity of supply. d. a large elasticity of...
-
In Table 12. 1, when r = 0. 02, the present value of the cost rises for 68 years and then subsequently declines. Why? Table 12. 1 TABLE 12.1 Economic Harvesting Decision: Douglas Fir 10 20 30 40 50...
-
Show that the angular momentum of the particle in problem 21 is L = qBr2 about the center of the circle.
-
Describe the role of capital markets from the firms and investors perspectives. What is the efficient market hypothesis?
-
Match the measures of worth in the first column with one (or more) of the analysis approaches that is (are) appropriate for that measure. Measure of Worth (a) Annual Worth (b) External Rate of Return...
-
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Also note that the company uses...
-
Anika who lives in Vancouver, purchased a piece of equipment from Australia for A$45,400. He was charged 19% duty, 5% GST, and 7% PST to import it. Calculate the total cost of the equipment. Assume...
-
An increase in the supply of grain will reduce the total revenue grain producers receive if a. the supply curve is inelastic. b. the supply curve is elastic. c. the demand curve is inelastic. d. the...
-
If the price elasticity of supply is zero, the supply curve is a. upward sloping. b. horizontal. c. vertical. d. fairly flat at low quantities but steeper at larger quantities.
-
Two 4.0 cm 4.0 cm metal plates are separated by a 0.20-mm-thick piece of Teflon. a. What is the capacitance? b. What is the maximum potential difference between the plates?
-
Write function in R. For this problem, use s = 78, 131 as your seed in set.seed, and 100,000 simulations of this experiment. Use the fact that the probability of some event A can be well-approximated...
-
i The calibration techniques for cells for measuring conductivity, pH and other ion-selection electrodes are quite different. Explain these differences. What is the effect of immersion depth on a...
-
A rock takes 2.4 seconds to hit the ground when it is thrown straight up from the cliff with an initial velocity of 7.5 m/s. Calculate the height of the cliff in meters.
-
A student who weighs 564 N climbs a stairway (vertical height of 4.1 m) in 30 s. (a) How much work is done? (b) What is the power output of the student?
-
Calculate Carla's minimum 2020 net income for tax purposes, taxable income, and federal income tax. Assume that Carla will claim any available tax credits that can be transferred from her 20-year-old...
-
Milano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here: Required: a. Calculate the missing amounts for each division. b....
-
What is taxable income, and what is the formula for determining taxable income?
-
For each of the following, state whether you agree or disagree. Explain your answer. a. Monopolistically competitive firms generate economic profits because they are protected by barriers to entry....
-
Explain the relationship between price and marginal revenue for a perfectly competitive firm and for a monopolistically competitive firm. Why is the relationship different for these markets?
-
The following diagram shows the structure of cost and demand facing a monopolistically competitive firm in the short run. a. Identify the following on the graph and calculate each one. i. ...
-
A non-dividend - paying stock with a current price of $52, the strike price is $50, the risk free interest rate is 12% pa, the volatility is 30% pa, and the time to maturity is 3 months? a) Calculate...
-
a. What a company should do to hedge foreign currency that will be received or paid? Explain your answer. b. What are advantages of futures options over spot options? c. What does vega measure? What...
-
a. What are the assumptions behind the Black-Scholes-Merton model? b. Compute the price of a European call option on a non-dividend-paying stock with the strike price is $70 when the stock price is...
Study smarter with the SolutionInn App