This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 12-17. The graphs depicts a short-run equilibrium. How will this differ from the ... (Read 127 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Refer to Figure 12-17. The graphs depicts a short-run equilibrium. How will this differ from the long-run equilibrium? (Assume this is a constant-cost industry.)
 
  A) The price will be higher in the long run than in the short run.
  B) The market supply curve will be further to the left in the long run than in the short run.
  C) The firm's profit will be lower in the long run than in the short run.
  D) Fewer firms will be in the market in the long run than in the short run.

Question 2

Gasoline taxes that are typically used for highway construction and maintenance are consistent with which of the following principles of taxation?
 
  A) the ability-to-pay principle B) the vertical-equity principle
  C) the horizontal-equity principle D) the benefits-received principle
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc
In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward, In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward,
Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ... Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ...
How to analyze trends found in graphs How to analyze trends found in graphs
Short Table of Laplace Tranforms Short Table of Laplace Tranforms
Video: Pasteur's Experiment

For a complete list of videos, visit our video library