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Author Question: How do imports affect sellers' producer surplus? What will be an ideal ... (Read 62 times)

captainjonesify

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on: Jun 29, 2018
How do imports affect sellers' producer surplus?
 
  What will be an ideal response?

Question 2

In the long run:
 
  A) all factors of production are fixed.
  B) only some inputs of a firm can be changed.
  C) all firms earn positive economic profits.
  D) all factors of production can be changed.


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cupcake16

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Producer surplus decreases. It decreases because imports lower the price of the good being imported, so sellers produce less of the good and hence their producer surplus decreases.

Answer to Question 2

D


captainjonesify

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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