This topic contains a solution. Click here to go to the answer

Author Question: How do imports affect sellers' producer surplus? What will be an ideal ... (Read 61 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
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.



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
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

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Excellent


fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

For a complete list of videos, visit our video library