This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How do imports affect sellers' producer surplus? What will be an ideal ... (Read 71 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
How do imports affect sellers' producer surplus?
 
  What will be an ideal response?

Question 2

In the long run:
 
  A) all factors of production are fixed.
  B) only some inputs of a firm can be changed.
  C) all firms earn positive economic profits.
  D) all factors of production can be changed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

Producer surplus decreases. It decreases because imports lower the price of the good being imported, so sellers produce less of the good and hence their producer surplus decreases.

Answer to Question 2

D


captainjonesify

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Gracias!

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Three ways that factors affect mortality in response to changes in population density. Three ways that factors affect mortality in response to changes in population density.
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
What are examples of ideal forms? What are examples of ideal forms?
Factors That Affect BP Factors That Affect BP
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Soybean plants in nitrogen-poor soil show how root nodules affect growth. Only the darker green plan Soybean plants in nitrogen-poor soil show how root nodules affect growth. Only the darker green plan
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library