« previous next »

Author Question: If the gadget industry is a constant cost industry, one would expect that the long run result of an ... (Read 63 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
If the gadget industry is a constant cost industry, one would expect that the long run result of an increase in demand for gadget to include ____ firms and a(n) ____ in price.
 a. more; increase.
 b. more; no change.
  c. more; decrease.
 d. fewer; increase.

Question 2

Countries import goods in which they have:
 a. an absolute advantage.
  b. a comparative advantage.
  c. a reputation for good product quality.
  d. a comparative disadvantage.
  e. a surplus domestic production.


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 30, 2018
Thank you :)


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
Female roundworm. Roundworms have long, cylindrical bodies with a tough covering. Eggs laid by the ... Female roundworm. Roundworms have long, cylindrical bodies with a tough covering. Eggs laid by the ...
Long-range forecasts Long-range forecasts
Apply long effleurage stroke to entire arm-hand to shoulder. Brush off from shoulder to hand to ... Apply long effleurage stroke to entire arm-hand to shoulder. Brush off from shoulder to hand to ...
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Video: ribosome

For a complete list of videos, visit our video library