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In the long run, if price is less than average cost a. the market must be in long-run equilibrium. b. there is profit incentive for firms to enter the market. c. there is no incentive for the number of firms in the market to change. d. there is an incentive for firms to exit the market.
describe whether that combination leads to more or less growth over the next period.
What is the standard deviation for the class? b. What percentile did you score in?
Assume the supply function for good X can be written as Qs = -100 + 27Px - 5Py - 1.8W, where px=the price of x, Py=the price of good y, and w = wage index for workers in industry x. According to this equation: 1. each one unit increase in price cause..
The Federal Trade Commission requires that firms advertise truthfully. Why does this requirement promote competition? Would firms be better or worse off if the Federal Trade Commission adopted a "let the buyer beware" policy?
Some seed cleaning equipment was purchased at the end of 2008 for $8,571 and is depreciated by the double declining balance (DDB) method (not MACRS) for an expected life of 8 years. What is the book value of the equipment at the end of year 2,011? Or..
Suppose the number of officially classified employed persons equals 80 million people; the number of discouraged workers is 12 million people; the number of stay at home spouses is 15 million people; the number of underemployed workers is 9 million p..
Explicate Illustrate what happens to the interest rates when the Fed makes open market bond purchases.
The Clean Air Act aids new entrants in a regulated industry when demand increases and provides an incentive for existing firms to invest in new antipollution technology by:
What do you believe is the single most influential force in today's society that sets the tone for an individual's personal values and why? Does this force affect Christians positively or negatively? What is your advice regarding this influential for..
Elucidate that contract align the incentives of the new vice president with the goals of the owners.
Peggy's Peaches has developed a new product, the Bruiseless Peach, which always stays peachy fresh. Peggy's paid 85,000 to a marketing firm to survey the bruiseless peach market. The potential sales were estimated at $250,000 per year. New equipment ..
Evaluating Downsizing Effectiveness
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