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Question: Write a two-page essay that explains why in perfect competition, there are no economic profits or losses in the long run. Use a minimum of two academic journal articles from the CSU Online Library. Your essay must be formatted in APA style.
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style.
These multiple choice problems belong to Economics. The first problem is about demand curve in competitive market and the second problem is about comparing the difference between prices and average variable cost.
What economic factors will affect your business? For example, poor economic conditions in your area may mean that your target customer has cut back on spending.
Vendor A is the current supplier, but if the data demonstrate convincingly that a greater proportion of the resistors from vendor B meet the specification, a change will be made. State the appropriate null and alternate hypotheses.
the head of the accounting department at a major software manufacturer has asked you to put together a pro forma
Which of the following statement(s) are true for a perfectly competitive firm that is seeking to maximize profits?The best production choice is at a quantity where price is equal to marginal cost.
How do global economic pressures impact your organization? Who are the direct international competitors? How is that competition managed?
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
What are the strongest arguments presented by each side? What are the weakest arguments presented by each side? What additional data would you like to have in order to determine who is correct?
If Carla deposits 2500 a year into her retirement account and have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
For the past month, it has processed 90 orders per day. What is the company's capacity utilization? What comments can you make regarding its processing rates? Can the company maintain this?
Why do governments usually apply a sales tax to the goods that are characterized by an inelastic demand rather than elastic demand?
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