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Author Question: Firms in perfect competition are price takers because A) each firm is too small relative to the ... (Read 134 times)

kfurse

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on: Jun 29, 2018
Firms in perfect competition are price takers because
 
  A) each firm is too small relative to the market to be able to influence price.
  B) one firm determines the price that all other firms in the industry will charge.
  C) firms accept the price determined by the government.
  D) consumers have enough market power to set prices.

Question 2

The Santa Fe Spark Plug Company supplies spark plugs to automotive parts dealers. An increase in the demand for its product led Santa Fe to hire 150 new workers.
 
  Santa Fe also plans to expand the capacity of its plant but this project will take 2 years to complete. Which of the following statements is true?
  A) The long run for Santa Fe is longer than 1 year.
  B) The wages and benefits paid to the new workers are implicit costs.
  C) In the short run Santa Fe's variable costs increase but its fixed costs decrease.
  D) The short run for Santa Fe is 1 year.
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raili21

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Reply #1 on: Jun 29, 2018
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.
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kfurse

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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