Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 10, 2021

Suppose losses cause industry X to contract and, as a result, the prices of relevant inputs decline. Industry X is? A. a constant-cost industry. B.

Suppose losses cause industry X to contract and, as a result, the prices of relevant inputs decline. Industry X is?

A. a constant-cost industry.

B. an increasing-cost industry.

C. a decreasing-cost industry.

D. encountering X-inefficiency.

Step by Step Solution

★★★★★

3.41 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Answer B an increasingcost industry Exp... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics

Authors: Robert A. Donnelly

2nd Edition

0321925122, 978-0321925121

More Books

Students also viewed these Economics questions

Question

★★★★★

Seasons Pizza recently hired additional drivers and as a result now claims that its average delivery time for orders is under 45 minutes. A sample of 30 customer deliveries was examined, and the...

Answered: 1 week ago

Question

★★★★★

Last year, Jeff earned $55,000, and as a result he earned a benefit entitlement of $1,100 in the company's defined benefit pension plan. What is the amount of Jeff's new contribution room arising...

Answered: 1 week ago

Question

★★★★★

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...

Answered: 1 week ago

Question

★★★★★

The object provides methods for the creation of Statement objects that will be used to execute Oracle statements in the next step. a. Statement b. Connection c. DriverManager d. Driver

Answered: 1 week ago

Question

★★★★★

The long- run supply curve for a particular type of kitchen knife is a horizontal line at a price of $3 per knife. The demand curve for such a kitchen knife is QD = 50 - 2P where QD is the quantity...

Answered: 1 week ago

Question

★★★★★

Eight identical 500 750-mm rectangular plates, each of mass m = 40 kg, are held in a vertical plane as shown. All connections consist of frictionless pins, rollers, or short links. In each case,...

Answered: 1 week ago

Question

★★★★★

=+b) Does giving children a flu shot protect parents? Researchers questioned a random sample of families at the end of a flu season. They asked whether the children had been immunized, whether the...

Answered: 1 week ago

Question

★★★★★

The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2018, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2017, in...

Answered: 1 week ago

Question

★★★★★

The trial balance columns of the worksheet for Wildhorse Company at June 30,2022 , are as follows. Other data: 1. A physical count reveals $300 of supplies on hand. 2. $190 of the unearned revenue is...

Answered: 1 week ago

Question

★★★★★

Thunder Attractions, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost 136,000 and have an estimated useful life of 5 years. It will be sold for 60,000...

Answered: 1 week ago

Question

★★★★★

Complete this question by entering your answers in the tabs below. Required A Required C Required B Required D Required E Required F What was the over- or underapplied manufacturing overhead for...

Answered: 1 week ago

Question

★★★★★

Mandatory Border Operations meetings are conducted for all employees in the Border Protection Unit every Monday. Employees are not permitted to telework on days when Border Operations meetings are...

Answered: 1 week ago

Question

★★★★★

A small southern West Australian country town has maintained records showing that the daily maximumtemperature during summer (Dec.,Jan.,Feb.) has averaged 30 degree Celsius with a standard deviation...

Answered: 1 week ago

Question

★★★★★

Develop a comprehensive analysis that identifies threats and vulnerabilities to the information systems infrastructure and organizational data. You may use a fictitious company, one that you...

Answered: 1 week ago

Question

★★★★★

Samstreet, Inc went public by issuing 1 million shares of common stock at $25 per share. The shares are currently trading at $30 per share. Current risk free rate is 4%, market risk premium is 8% an...

Answered: 1 week ago

Question

★★★★★

On November 12, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 30, 2020. The cost of the...

Answered: 1 week ago

Question

★★★★★

What is the future value of $ 2 , 9 0 0 in 1 9 years at an APR of 8 . 2 percent compounded semiannually?

Answered: 1 week ago

Question

★★★★★

What is a lobbyist in US? How did this term emerge?

Answered: 1 week ago

Question

★★★★★

In spite an unemployment rate of 26% and an economy in crisis, 70% of Spaniards responded that they were in favor of keeping the euro rather than returning to the peseta and the national currency in...

Answered: 1 week ago

Question

★★★★★

Consider the following data collected from three independent populations: a. Calculate the total sum of squares (SST). b. Partition the total sum of squares (SST) into its two components. c. Using =...

Answered: 1 week ago

Question

★★★★★

Determine the critical t scores for each of the following conditions: a. One tail test, = 0.05, and n = 21 b. Two tail test, = 0.02, and n = 10 c. Two tail test, = 0.05, and n = 28 d. Two tail...

Answered: 1 week ago

Question

★★★★★

Refer to the Minitab output of Exercise 20, in which wet deposition and . a. Carry out the model utility test at level .01, using the rejection region approach. b. Repeat part (a) using the P-value...

Answered: 1 week ago

Question

★★★★★

Exercise 15 of Section 12.2 included Minitab output for a regression of flexural strength of concrete beams on modulus of elasticity. s 5 5.240 R-sq 5 97.5% R-sq(adj) 5 97.3% 21.128 20.48 runoff 5...

Answered: 1 week ago

Question

★★★★★

Exercise 16 of Section 12.2 gave data on and . Use the accompanying Minitab output to decide whether there is a useful linear relationship between rainfall and runoff, and then calculate a confidence...

Answered: 1 week ago

Previous Question Next Question