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When profit-maximizing firms in competitive markets are earning negative economic profit, Select one:
1. The most inefficient firms will exit the industry.
2. Market demand should exceed market supply at the market equilibrium price.
3. New firms will enter the market.
4. Market supply should exceed market demand at the market equilibrium price.
amy has a utility functionuxyz x2lnylnza what kind of preferences does amy have? explain. what does this mean for her
A Firm has total cost function given by following: What is the Total fixed cost when Q = 100? And Average fixed Cost when Q=100?
The second modelassumes that owners of these assets wish to earn the highestpossible returns, and it indicates that the market prices of theseassets provide an indication of the percentage of votes that eachcandidate will actually receive on the d..
You put $20000 on deposit on your thirtieth birthday at 5 percent compounded annually. On your fortieth birthday, the account begins earning 6 percent. Then on your fiftieth birthday, it begins earning 7 percent.
What makes the market of personal computers a good example of perfect competition and what you think are the most important competitive advantages in such a perfectly competitive market?
Suppose that the learning effect coefficient in the production of wrist watches is -0.2. If the average cost of producing the first watch is $100, what will be the average cost of producing the 40th watch?
one of the trends marking the continuing transformation of the u.s. health care industry is the dramatic increase in
cypress river landscape supply is a large wholesale supplier of landscaping materials in georgia. cypress rivers sales
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes
A $2.50 decrease in the price of the $17 salmon entrée increased sales from 40 to 75 meals per week. Which entree should he choose to put on sale?
Imagine that you are the manager of a gas station and your goal is to maximize profits. According to your past experience, the elasticity of demand by Texans for a car wash is -4,
suppose that in the u.s. in 2007 investment is 1600 billion saving is 1400 billion government expenditure on goods and
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