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

Author Question: The highest price you are willing to pay for a pair of jeans is 20 . However, you are able to ... (Read 77 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
The highest price you are willing to pay for a pair of jeans is 20 . However, you are able to purchase it for 14 . This implies 6 is the producer surplus.
  Indicate whether the statement is true or false

Question 2

In the long-run, the entry of new firms in a competitive market shifts the aggregate supply curve to the left.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

epscape

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

False


danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

A pair of spotted hyenas at White River, Mpumalanga A pair of spotted hyenas at White River, Mpumalanga
Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th
This jumping spider's main ocelli (center pair) are very acute. This jumping spider's main ocelli (center pair) are very acute.
(a) In nondisjunction in meiosis I, one pair of chromosomes fails to separate properly at anaphase I (a) In nondisjunction in meiosis I, one pair of chromosomes fails to separate properly at anaphase I
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library