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

Author Question: If input prices for perfectly competitive firms increase as the output of its industry expands: a. ... (Read 213 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
If input prices for perfectly competitive firms increase as the output of its industry expands:
 a. their short run average cost curves will shift up as the industry expands.
 b. after a permanent increase in demand, the long run equilibrium price will be higher than the original price.
  c. after a permanent increase in demand, the short run equilibrium price will be higher than the eventual long run equilibrium price.
  d. all of the above will be true.

Question 2

The limits of the terms of trade are determined by the:
 a. distribution costs in each country.
  b. stock of foreign exchange in each country.
  c. average total costs of producing the commodities in each country.
  d. opportunity costs in each country.
  e. currency exchange rate between the trading partners.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


washai

  • Hero Member
  • *****
  • Posts: 523
Reply #2 on: Jun 30, 2018
Correct answers!


flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
A 16-input multiplexer is to be used to perform parallel-to-serial data conversion. Which of ... A 16-input multiplexer is to be used to perform parallel-to-serial data conversion. Which of ...
Video: DNA Replication

For a complete list of videos, visit our video library