Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

true or false In the long run a perfectly competitive firm earns no economic profit.

true or false

In the long run a perfectly competitive firm earns no economic profit.

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

Microeconomics

Authors: Robert Pindyck, Daniel Rubinfeld

8th edition

978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123

More Books

Students also viewed these Economics questions

Question

★★★★★

Geo-Star Manufacturing Company is considering a new investment in a punch-press machine that will cost $100,000 and has an annual maintenance cost of $10,000. There is also an additional overhauling...

Answered: 1 week ago

Question

★★★★★

Vertical Analysis of Income Statement For 2012, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. At the end of the year,...

Answered: 1 week ago

Question

★★★★★

What is a statistic that can be used to identify influential observations?

Answered: 1 week ago

Question

★★★★★

Portfolio managers are frequently paid a proportion of the funds under management. Suppose you manage a $100 million equity portfolio offering a dividend yield (DIV1 / P0 of 5%. Dividends and...

Answered: 1 week ago

Question

★★★★★

On pages 3 and 4 of the 10-K for their fiscal year ended June 30, 2019, Farmer Brothers details their efforts to Reduce Costs and Compete More Effectively (note: DSD refers to direct store delivery)...

Answered: 1 week ago

Question

★★★★★

960,000 Multiple Production Department Factory Overhead Rate Method Performance Gloves, Inc. produces three sizes of sports gloves: small, medium, and large. A glove pattern is first stenciled onto...

Answered: 1 week ago

Question

★★★★★

You have a conference room that contains a Teams Rooms on Windows device. You need to update the background image of the device with new company branding. What should you do? Select only one answer....

Answered: 1 week ago

Question

★★★★★

How many moving trucks, professional movers, and moving cost would it take to support supporting a Sensitive Compartmented Information Facility (SCIF) move to another building? Use the following...

Answered: 1 week ago

Question

★★★★★

What is the speedup of the basic pipeline (without bypassing) shown in the Introduction slides (Tsequential / Tpipelined) if 1/5 of all instructions contain a data dependence? Can you give a general...

Answered: 1 week ago

Question

★★★★★

Write a one hundred and fifty word response about which resource(s) you found to be most useful in terms of not only researching the different types of networks that exist, but which might be best...

Answered: 1 week ago

Question

★★★★★

Person is a named tuple with fields: first_name, last_name, and age. Variable person_data is a Person object created with two strings and one integer read from input as attributes. Output the...

Answered: 1 week ago

Question

★★★★★

or each following sceneries, draw a market in equilibrium, labeling the initial equilibrium price and equilibrium quantity. Then shift the appropriate curve and label the new equilibrium price and...

Answered: 1 week ago

Question

★★★★★

5. It is the needs of the individual that are important.

Answered: 1 week ago

Question

★★★★★

6. It is what the person has previously done for the group that is the deciding factor.

Answered: 1 week ago

Question

★★★★★

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago

Previous Question Next Question