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

Author Question: The shape of the long-run industry supply curve in a perfectly competitive industry is largely ... (Read 355 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
The shape of the long-run industry supply curve in a perfectly competitive industry is largely determined by:
 a. the shape of the short-run industry supply curve.
  b. the price of inputs as the industry expands.
 c. the price elasticity of market demand.
 d. the shape of the average fixed cost curve.

Question 2

Supplementary Security Incomes are provided by the U.S. government to those who:
 a. regularly pay a social security tax.
  b. are below 65 years of age.
  c. lack the required education to be absorbed in the job market.
  d. earn less than 4,500 per year.
  e. are temporarily unemployed.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

b

Answer to Question 2

d





 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

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.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library