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Author Question: In the figure above, Gap maximizes its profit if it sells ________ jackets per day. A) 100 B) 64 ... (Read 86 times)

abern

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on: Jun 29, 2018
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


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Koolkid240

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


abern

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Gracias!

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