The exit of firms from an unprofitable industry will ______. a. Shift the market supply curve left
Question:
The exit of firms from an unprofitable industry will ______.
a. Shift the market supply curve left
b. Cause the market price to rise
c. Increase the economic profits of the firms that remain
d. Do all of these
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
d D...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The market supply curve for a perfectly competitive industry is the horizontal summation of each individual firms supply curve. Draw the market supply curve for a perfectly competitive industry.
-
The perfectly competitive firms short run supply curve is that portion of its marginal cost curve that lies above the AVC curve. Draw a perfectly competitive firms MC and AVC curves and use them to...
-
Firms can often exit a market more quickly than they can enter one. What would change in the answers to Problems 8 and 9 if active firms could shut down in the short run avoiding all costs, but...
-
The degree of operating leverage for Dousmann Corp. and PCB Co. are 1.4 and 5.6, respectively. Both have net incomes of $50,000. Determine their respective contribution margin s.
-
You purchase a futures contract in euros for $170,000. The trading unit is 125,000 euros. a. What is the ratio of cents to euros in this contract? (Divide the dollar contract size by the size of the...
-
Youth Opportunities Unlimited (YOU) is a not-for-profit organization that provides sporting equipment for inner-city children who cannot otherwise afford it. YOU has been in operation since 20X1 and...
-
Consider the same setup as that in exercise 4, and compute the optimal labor decision by the household under the following scenarios: 1. when the womans opportunity cost increases by 10 percent, and...
-
Rossman Corporation holds 75 percent of the common stock of Schmid Distributors Inc., purchased on December 31, 20X1, for $2,340,000. At the date of acquisition, Schmid reported common stock with a...
-
Problem 3 (35 points) The Moon Coffee Shop blends coffee on the premises for its customers. It sells three basic blends in 1-pound bags, Special, Moon Dark, and Moon Regular. It uses four different...
-
In an increasing-cost industry, an increase in industry demand would lead to ______ in the number of firms and ______ in firms average cost curves in the long run. a. No change; no change b. No...
-
Which of the following is true? a. Total revenue is price times the quantity sold. b. Average revenue is total revenue divided by the quantity sold. c. Marginal revenue is the change in total revenue...
-
Write notes for a presentation explaining the different types of agency available to clients.
-
Assume that, to help build your nest-egg, you made two deposits of $100, one on January 1, 2014, and one on July 1, 2014, in a savings account that paid 10 percent compounded semi-annually. On...
-
a) Find slope of curve y=2x b) Find Derivative of y=2x(x-3) c) If x = sint, y = cost, determine d) Find f(x)=2x+1 at x=1 dy dx
-
Which method ( direct or indirect ) does the company use to report cash flows from operations? How do you know? based on 2 0 2 2 and 2 0 2 3 amazon 1 0 k
-
Cane Company manufactures two products called Alpha and Beta that sell for $130 and $90, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the...
-
11 (a) xy(x-y) (x, y)=(0,0) Let f(x,y)= x + y (x, y)=(0,0) 0 Show that f(0,0), (0,0) (b) Show that the volume of the largest parallelepiped that can be inscribed in the 8abc ellipsoid + + =lis a b b...
-
State and general purpose local governments are considered primary governments. Under what circumstances would a special purpose government be considered a primary government?
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
Governments often have multiple objectives in imposing a tax. In each part of this question, use a demand and supply graph to illustrate your answer. a. If the government wants to minimize the excess...
-
Evaluate the following statement: "Policies to redistribute income are desperately needed in the United States. Without such policies, the roughly 15 percent of the population that is currently poor...
-
An artist buys scrap metal from a local steel mill as a raw material for her metal sculptures. Last year, she bought $5,000 worth of the scrap metal. During the year, she produced 10 metal sculptures...
-
Analice cual de estas empresas est orientada ms orientada a un futuro en ciudades y comunidades sostenibles? Grupo de opciones de respuesta La composicin de los productos de BIOFASE es de 60%...
-
In airline financial terms, the abbreviation "FPA" can refer to which of the following? Group of answer choices (A) Fixed Position Aloft (B) Financial Planning and Analysis (C) Forecast of Penalty...
-
To calculate the amount of the sale (before sales tax) divide the total sales price by 1.08. Merchandise listed on the sales invoice: Stock Number Item Quantity Net Cost Per Unit AU150 JET SKI ULTRA...
Study smarter with the SolutionInn App