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

Author Question: For a perfectly competitive industry, an improvement in technology will cause (Read 62 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Apr 19, 2019

Question 1

Industries in which firms are enjoying positive profits are likely to ________ in the long run.


◦ expand
◦ contract
◦ neither expand nor contract, as firms must earn an economic profit to stay in business
◦ expand or contract depending on the normal rate of return

Question 2

For a perfectly competitive industry, an improvement in technology will cause


◦ a movement up the short-run industry supply curve.
◦ a movement down the short-run industry supply curve.
◦ the industry short-run supply curve to shift to the right.
◦ the industry short-run supply curve to shift to the left.
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 newbem on Apr 19, 2019

diesoon

  • Sr. Member
  • ****
  • Posts: 353
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 49% of students answer this correctly


newbem

  • Member
  • Posts: 579
Reply 2 on: Apr 19, 2019
:D TYSM

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

bio industry bio industry
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Technology In Action Complete Technology In Action Complete
Automotive Technology Automotive Technology
Fluency with Information Technology: Skills, Concepts, and Capabilities Fluency with Information Technology: Skills, Concepts, and Capabilities
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library