Today, firms in a perfectly competitive market are making an economic profit. In the long run, firms will ________ the market until all firms in the market are ________.
A) exit; covering only their total fixed costs
B) enter; making zero economic profit
C) exit; producing at the minimum point on their long-run average cost curve
D) enter; making zero normal profit
Question 2
Van, whose utility of wealth curve is shown in the above figure, owns a home that is valued at 100,000. Initially there is a 10 percent chance that the house will be destroyed by hurricane.
As the risk of destruction due to hurricane rises from 10 percent to 20 percent, the minimum cost of insurance A) stays the same.
B) increases by 10,000.
C) increases by 20,000.
D) increases by 30,000.
This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ...
Hydroelectric power: 2013 Global Market
economic question
economic question