« previous next »

Author Question: When will the long-run supply curve of a perfectly competitive market shift ... (Read 13 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 30, 2018
When will the long-run supply curve of a perfectly competitive market shift upward?

Question 2

If losses are incurred in a competitive industry, then over the long-run we can expect a greater quantity supplied, because market price will rise.
 a. True
  b. False
  Indicate whether the statement is true or false


Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

The long-run supply curve of a perfectly competitive market will shift upward if there is an increase in the variable cost.

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
The Role of Summation in Long-Term Potentiation The Role of Summation in Long-Term Potentiation
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
How long does exercise affect blood sugar? How long does exercise affect blood sugar?
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library