Why is industry supply more elastic in the long run than in the short run, and more
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
In the market period output is fixed so the seller cannot raise or lo...View the full answer
Answered By
Mishark muli
Having any assignments and any other research related work? worry less for I am ready to help you with any task. I am quality oriented and dedicated always to produce good and presentable work for the client once he/she entrusts me with their work. i guarantee also non plagiarized work and well researched work to give you straight As in all your units.Feel free to consult me for any help and you will never regret
4.70+
11+ Reviews
37+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Why is supply elasticity higher in the long run than in the short run?
-
Are market supply curves typically more elastic in the short run or in the long run? Explain.
-
If both supply curves and demand curves are more elastic in the long run than in the short run, how does the incidence of a tax change from the short run to the long run as a result? What happens to...
-
The following e-mail message contains numerous errors related to what you've learned about planning and writing business messages. Using the information it contains, write a more effective version....
-
The IRS reported that 81% of individual tax returns were filed electronically in 2012. A random sample of 225 tax returns from 2013 was selected. From this sample, 176 were filed electronically. a....
-
If you think Edmund is odd, consider his brother Emmett. Emmett consumes speeches by politicians and university administrators. He is paid $1 per hour for listening to politicians and $2 per hour for...
-
P(1.12 < z < 1.75) Find the indicated probability using the standard normal distribution. If convenient, use technology to find the probability.
-
Scott Investors, Inc., is considering the purchase of a $360,000 computer with an economic life of five years. The computer will be fully depreciated over five years using the straight-line method....
-
After you read the case study below, there are 11 releases of information situations that transpired this day. Read the Situation and the Action and then comment on whether you agree or disagree with...
-
What criteria drove Amazons decision of where to produce the different components that go into the Kindle? Were these the right criteria? Making the Amazon Kindle When online retailer Amazon. com...
-
Estimate your elasticity of demand for: (a) Gasoline. (b) Cigarettes. (c) DVD rentals or downloads.
-
What are the major determinants of the elasticity of demand?
-
In a study to determine the distribution of time to the occurrence of cancer after exposure to certain type of carcinogen, a group of mice is injected with the carcinogen, and then sacrificed and...
-
ON January 1, 2020 A and B established AB partnership. A invested 20000 cash and B invested 30000 cash. The income ratio 2:3. X achieved 10000 net incomes. A share of net income is -----
-
Two dice were rolled forty times and then the sum of the two dice were calculated after each roll. Complete the following calculations. Sums: 9, 8, 9, 8, 7, 4, 3, 7, 11, 9, 7, 6, 7, 10, 12, 6, 6, 4,...
-
The partnership of Ramos, Rios, Safar, and Wong is being liquidated. It currently holds cash of $22,600 but no other assets. Liabilities amount to $51,400. The capital balances are Ramos (40% of...
-
Y 3. Expand Y x ( % 1 ) ( 2 + 3 )
-
Jim paid $12.53 for a 7.03-kg bag of dog food. A few weeks later, he paid $14.64 for a 7.98-kg bag at a different store. Find the unit price for each bag. Then state which bag is the better buy based...
-
In Problems 5558, (a) Graph each function by hand, (b) Solve f(x) 0. f(x) (x 1) (r2 5x +4) x + x - 20
-
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
-
How much is the tax? a) $ 0 .35 b) $ 0 .50 c) $ 0 .65 d) $1.00 e) $1.50 Price ($) 23 22 21 20 19 18 Figure 2 10 20 Quantity 30 40 52 D S 50
-
When demand is relatively inelastic and supply is relatively elastic, the burden of a tax will be borne ______. a) mainly by sellers b) mainly by buyers c) equally between sellers and buyers d) it is...
-
A tax will ______. a) lower price and raise supply b) lower price and lower supply c) raise price and lower supply d) raise price and raise supply
-
The Moon's diameter is 3.5x10 km, and its distance from Earth is 3.8x10 5 km. The image is formed by the Hale Telescope reflecting mirror, which has a focal length of +16.9 m. A. Determine the...
-
How does the position of the storm relative to the land influence the area with the fastest wind speeds?
-
An object moving on the x axis with a constant acceleration increases its x coordinate by 191 m in a time of 7.94 s and has a velocity of 20 m/s at the end of this time. Determine the acceleration of...
Study smarter with the SolutionInn App