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Kay's dog walking service is a profit-maximizing, competitive firm. Kate walks dogs for $7 each. Her total cost each day is $40-she spends $30 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day. If Kay walks five dogs a day, Kay should shut down or operate in the short run.? 2)Why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run? Choose one: A. Because in the short run, her profit is always positive. B. Because the zero profit in the long run is, in fact, zero accounting profit, and it only matters in the books. C. Because the producer has a high cost of exiting this market, and counting that cost, it is better for her to continue operating at zero profit. D. Because at zero profit, with her revenue, she can cover all her costs-explicit and implicit (opportunity cost). Consider a competitive market for a consumer product. Suppose a tax is levied on consumers. This tax will increase or decrease the market demand. As a result, the market equilibrium price will decrease or increase in the short run. This will result in firms in entering or exiting this market in the long run. Consider a competitive market for a consumer product. Suppose this product goes out of fashion with consumers. How will this sudden drop in popularity affect the profit of an individual firm in this market in the long run? Choose one: A. The profit of an individual firm increases from zero to a positive value in the long run. B. The profit of an individual firm increases from a smaller positive value to a larger positive value in the long run. C. The profit of an individual firm stays at zero in the long run. D. The profit of an individual firm decreases from zero, and the firm will incur a loss in the long run. Consider a competitive market for a consumer product. Suppose this product gains a sudden popularity among consumers. How will this sudden popularity impact the profit of an individual firm in this market in the long run? Choose one: A. The profit of an individual firm increases from zero to a positive value in the long run. B. The profit of an individual firm increases from a smaller positive value to a larger positive value in the long run. C. The profit of an individual stays at zero in the long run. D. The profit of an individual firm decreases from zero, and the firm will incur a loss in the long run.
In the preparatoin of a new pain reliever calls for 1.8 moles of an organic compound with fomula Na2(CH2CO2H)2 NCH2CH2(CH2CO2)2. How many grams of this compound should be weighed out for the reaction
Some AgCl(s) has been placed in a beaker of water. After some time, the solubility of Ag+ and Cl- was measured to be 2.5 x 10-5 M. Using Calculations, determine whether the system has reached equilibrium.
Calculate the pH and the percent ionization of butanoic acid in this solution. *I will only award points if a solution is presented. What good does just the answer do for me?
Starting with pure NaCl and water, describe how you would prepare 25.00 mL of a NaCl solution? Assume you know how much NaCl you need to weigh on the balance.
The solubility of NaCl in water at 25 degrees Celsius is 38 g NaCl in 100 grams of water. A mixture was made using 33 g of NaCl and 100 g of waer at 25 degrees Celsius. Which term best describes the mixture?
What assumption did you make about the reaction of KMno4 solution and H2C2O4 solution in those determination that allowed you to consider k to be a constant
A 50.0-mL volume of 0.15 M is titrated with 0.25 M KOH. Calculate the pH after the addition of 20.0 mL of KOH.
determine the empirical formula of a substance (Vanillin) that contains 63.15% carbon, 5.30% Hydrogen, and 31.55% oxygen.
Draw oxygen-binding curves for crocodile hemoglobin in the presence and absence of bicarbonate. Which conditions increase the p50 value for crocodile hemoglobin? What does this tell you about the oxygen-binding affinity of hemoglobin under those c..
when separated from a water solutioncuso4 forms a hydrate with 5 water molecules per formula unit. if 45 g of anhydrous
How many collisions does a single Ar atom make in 1.0 s when the temperature is 25 C and the pressure is (a) 10 bar, (b) 100 kPa, (c) 1.0 Pa
The resulting solution freezes at 26.5 oC. If Kf for the solvent is 1.74 o C/m then determine the molar mass of the nonelectrolyte compound?
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