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

Author Question: When existing firms leave a perfectly competitive market, it causes: A) an increase in the ... (Read 135 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
When existing firms leave a perfectly competitive market, it causes:
 
  A) an increase in the profitability of existing firms.
  B) a decrease in the profitability of existing firms.
  C) a right shift in the demand curve of the good being produced by the firms.
  D) a left shift in the demand curve of the good being produced by the firms.

Question 2

If Project A has a cost of 5, and a provides a benefit of 10, and Project B has a cost of 2, and provides benefit of 4, then switching from Project A to Project B:
 
  A) increases the net benefit by 3.
  B) decreases the net benefit by 3.
  C) increases the net benefit by 6.
  D) decreases the net benefit by 6.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


AEWBW

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 29, 2018
Thank you


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

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.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per
To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Stock Market Question Stock Market Question
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library