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

Author Question: If there is an increase in industry supply while the industry demand remains the same, then an ... (Read 54 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Apr 19, 2019

Question 1

If a perfectly competitive firm is currently producing where 
________, then the firm will earn zero profits.


◦ P > 
MC and 
MC = 
ATC
◦ P = 
MC and 
MC = 
ATC
◦ P = 
MC and 
MC < 
ATC
◦ P < 
MC and 
MC > 
ATC

Question 2

If there is an increase in industry supply while the industry demand remains the same, then an individual firm in a perfectly competitive industry currently earning negative profits will see its profits


◦ increase.
◦ not change.
◦ decrease further.
◦ impossible to determine
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kellyjaisingh on Apr 19, 2019

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: Apr 19, 2019
Excellent

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
bio industry bio industry
Forensic anthropologists working at a temporary morgue following the recovery of remains from a floo Forensic anthropologists working at a temporary morgue following the recovery of remains from a floo
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Who's Policing the Food Supply? Who's Policing the Food Supply?
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library