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Author Question: When existing firms leave a perfectly competitive market, it causes: A) an increase in the ... (Read 108 times)

AEWBW

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on: Jun 29, 2018
When existing firms leave a perfectly competitive market, it causes:
 
  A) an increase in the profitability of existing firms.
  B) a decrease in the profitability of existing firms.
  C) a right shift in the demand curve of the good being produced by the firms.
  D) a left shift in the demand curve of the good being produced by the firms.

Question 2

If Project A has a cost of 5, and a provides a benefit of 10, and Project B has a cost of 2, and provides benefit of 4, then switching from Project A to Project B:
 
  A) increases the net benefit by 3.
  B) decreases the net benefit by 3.
  C) increases the net benefit by 6.
  D) decreases the net benefit by 6.


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vboyd24

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

A

Answer to Question 2

B


AEWBW

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Reply #2 on: Jun 29, 2018
Thank you


vboyd24

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Reply #3 on: Jun 29, 2018
No problemo


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