Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

HI 1. Can you please also explain the long run decisions/adjustments that occur in a perfectly competitive industry if you don't mind. 2. Can you

1. Can you please also explain the long run decisions/adjustments that occur in a perfectly competitive industry if you don't mind.

2. Can you please explain what happens to industry supply and price if market demand remains constant in the long run.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

The Economics Of The Environment

Authors: Peter Berck, Gloria Helfand

1st Edition

978-0321321664, 0321321669

More Books

Students also viewed these Economics questions

Question

★★★★★

What message receiver characteristics affect comprehension of a message?

Answered: 1 week ago

Question

★★★★★

Consider the linear function f (x) = 16.8x + 405. a. Find f (-19.5). b. Find x such that f (x) = 501.096. c. Write the equations of the two parallel lines that are 2.4 units above and below the line...

Answered: 1 week ago

Question

★★★★★

Did the researcher provide sufficient thick description?

Answered: 1 week ago

Question

★★★★★

A small motor manufacturer makes two types of motor, models A and B. The assembly process for each is similar in that both require a certain amount of wiring, drilling, and assembly. Each model A...

Answered: 1 week ago

Question

★★★★★

5. Soprano, Inc. uses a residual dividend policy. It considers the debt-equity ratio of .80 to be optimal. Earnings for the period just ended were $900, and a dividend of $420 was declared. a. How...

Answered: 1 week ago

Question

★★★★★

Circle Farms wants to develop a replacement policy for its 2-year-old tractor over the next 5 years. A tractor must be kept in service for at least 3 years, but must be disposed of after 5 years. The...

Answered: 1 week ago

Question

★★★★★

Gurinder's flower shop had annual sales revenue of $115,355 for the year and the shop's HST taxable purchases were $80.331. Calculate how much Gunar should remit to the govemment at the end of the...

Answered: 1 week ago

Question

★★★★★

Criticize two business ideas from the Shark Tank program, with detailson each strength and weakness and the element or elementsthat result in the presentation's success or failure, in your opinion....

Answered: 1 week ago

Question

★★★★★

The business school faculty has become increasingly concerned about the ethics associated with modern business practice. The general reputation of business executives is in the tank. They are seen as...

Answered: 1 week ago

Question

★★★★★

What specific skills set, experiences and expertise in BPM, CRM and the 7FE Framework can you currently utilize to be successful in your future professional development?

Answered: 1 week ago

Question

★★★★★

Innovation and service quality are central issues in business performance. This study hypothesizes that customer participation mediates the relationship innovation adoption and service quality and...

Answered: 1 week ago

Question

★★★★★

Consider the operation ProperPreOrSuffix(L) on languages over the al- phabet = {a, b, c}. ProperPreOrSuffix(L) = {x | w L, y = and w = xy or w = yx} Show that regular languages are closed under the...

Answered: 1 week ago

Question

★★★★★

OBJECTIVE: To apply the principles and techniques learned in this course to a specific, real-world problem involving the economic evaluation and justification of a prospective capital expenditure....

Answered: 1 week ago

Question

★★★★★

3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

Answered: 1 week ago

Question

★★★★★

4. In the next communication situation you are in, already think through three different communication strategies, which will make you achieve greater flexibility. Then practice on these as soon as...

Answered: 1 week ago

Question

★★★★★

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Answered: 1 week ago

Previous Question Next Question