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

Author Question: The highest price you are willing to pay for a pair of jeans is 20 . However, you are able to ... (Read 84 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
The highest price you are willing to pay for a pair of jeans is 20 . However, you are able to purchase it for 14 . This implies 6 is the producer surplus.
  Indicate whether the statement is true or false

Question 2

In the long-run, the entry of new firms in a competitive market shifts the aggregate supply curve to the left.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

epscape

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

False


danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

This jumping spider's main ocelli (center pair) are very acute. This jumping spider's main ocelli (center pair) are very acute.
Unusual base pairings in tRNA: (a, b) Some unusual pair matches Unusual base pairings in tRNA: (a, b) Some unusual pair matches
Although the highest rates of disordered eating patterns occur among females, males are not immune Although the highest rates of disordered eating patterns occur among females, males are not immune
Pregnant and Lactating Women, Children, the Ill, and Older Adults Are at the Highest Risk Pregnant and Lactating Women, Children, the Ill, and Older Adults Are at the Highest Risk
The same pair of homologs, but with no exchange occurring between them The same pair of homologs, but with no exchange occurring between them
Video: PET Scan Animation

For a complete list of videos, visit our video library