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1) Questions 5 through 7 refer to the following graphical representation of a short-run situation faced by a perfectly competitive firm.
Is this a good market for this firm to be in?Yes the firm should be here in the short run but in the long run it should leave.Yes the firm should be here in the short run and it should also stay in the long run.No; the firm should exit immediately.
2) Which of the following describes the firm's situation in the short run?The firm is breaking evenThere is a short run lossThere is a short run profitThe short run profit/loss situation cannot be determined from this graph
3) What do you expect to happen in the long run?New firms will enter; short-run profits will disappearNew firms will enter; short-run losses will disappearSome existing firms will leave; short-run profits will disappearSome existing firms will leave; short-run losses will disappear
Conduct a literature and an Internet search on the topics of the Challenger disaster and groupthink. Then, discuss how groupthink might have created decision-making problems for NASA and its booster contractor. Cite at least two sources in your an..
The annual income from an apartment complex is $21,809. The annual expense is estimated to be $2,607. The apartment complex could be sold for $122,149 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage.
The problem is belongs to Economics. The problem is explain about the challenges that globalization presents to trade unions and how trade unions should respond to such challenges.
Two candidates’ machines are under consideration. For machine a, initial cost is $100,000, operating benefits are $40,000 per year and useful life is 6 years. The respective data for machine B are 150,000, $50,000 and 9 years.
When obama was campaiging for president in 2008 he proposed more government spending paid for with higher taxes on the rich. What impact would those options have on the equilibrium?
The following equation represents the weekly demand that a local theater faces. Qd = 2000 - 25 P + 2 A, where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week.
Describe your understanding of externalities by providing an example of a positive externality and a negative externality and why do positive and negative externalities lead to inefficiency in the market economy?
The Kingdom of the North and the Iron Islands produce 2 goods
Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.
One of the stumbling blocks of Voice over IP has been the implementation of a 911 service. The given story appeared on the newswires on Tuesday:
name other examples of agricultural products that have attempted to differentiate themselves.how have they
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