This topic contains a solution. Click here to go to the answer

Author Question: In the figure above, Gap maximizes its profit if it sells ________ jackets per day. A) 100 B) 64 ... (Read 84 times)

abern

  • Hero Member
  • *****
  • Posts: 533
In the figure above, Gap maximizes its profit if it sells ________ jackets per day.
 
  A) 100
  B) 64
  C) 129
  D) 133

Question 2

The apple market is perfectly competitive and is in long-run equilibrium. Now a disease kills 50 percent of the apple orchards. In the short run, the price of a bag of apples ________ and the remaining apple growers make ________ economic profit.
 
  In the long run, the ________. A) increases; zero; price of apples will return to their original level
  B) remains the same; zero; orchards will be replanted and growers will make normal profits
  C) increases; zero; orchards will be replanted and economic profit will return to zero
  D) increases; positive; orchards will be replanted and economic profit will return to zero



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

A

Answer to Question 2

D




abern

  • Member
  • Posts: 533
Reply 2 on: Jun 29, 2018
Excellent


mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library