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Author Question: When economic profits are positive in a perfectly competitive industry, a. we would expect the ... (Read 93 times)

RYAN BANYAN

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on: Jun 30, 2018
When economic profits are positive in a perfectly competitive industry,
 a. we would expect the market supply curve to shift to the left as a result.
  b. we would expect the market supply curve to shift to the right as a result.
  c. we would not expect any change in the market supply curve to result.
  d. we would expect that the market demand curve to shift right as a result

Question 2

Which of the following is an effect of paper recycling on pulpwood?
 a. Recycling leads to an increase in acreage devoted to pulpwood.
  b. Recycling leads to a decrease in acreage devoted to pulpwood.
  c. Recycling increases the demand for pulpwood.
  d. Recycling increases the market price of pulpwood.


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TINA

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

B


RYAN BANYAN

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Reply #2 on: Jun 30, 2018
Thank you


TINA

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Reply #3 on: Jun 30, 2018
No problemo


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