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

Author Question: A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total ... (Read 351 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Oct 8, 2019

A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total cost of $50,000. The prevailing market price is $48. Assuming that this firm continues to produce in the long run, what happens to output level in the long run?


◦

The firm's output increases.


◦

The firm produces the same output level.


◦

The firm's output falls.


◦

There is insufficient information to answer the question.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Pineappleeh on Oct 8, 2019

nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Oct 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Oct 8, 2019
Excellent


nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Oct 8, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

The Speed of Light Is Constant The Speed of Light Is Constant
Electron micrograph of pre-rRNA transcription units from the nucleolus of a frog Electron micrograph of pre-rRNA transcription units from the nucleolus of a frog
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Transport of acetyl units and reducing equivalents used in fatty acid synthesis Transport of acetyl units and reducing equivalents used in fatty acid synthesis
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library