« previous next »

Author Question: If the gadget industry is a constant cost industry, one would expect that the long run result of an ... (Read 129 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
If the gadget industry is a constant cost industry, one would expect that the long run result of an increase in demand for gadget to include ____ firms and a(n) ____ in price.
 a. more; increase.
 b. more; no change.
  c. more; decrease.
 d. fewer; increase.

Question 2

Countries import goods in which they have:
 a. an absolute advantage.
  b. a comparative advantage.
  c. a reputation for good product quality.
  d. a comparative disadvantage.
  e. a surplus domestic production.


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 30, 2018
Thank you :)


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

How to evaluate a function containing the constant k How to evaluate a function containing the constant k
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ... A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ...
Long bone formation Long bone formation
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library