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

Author Question: The graph on the left shows the short-run cost curves for a firm in a perfectly competitive market. ... (Read 26 times)

kmoyer2

  • Full Member
  • ***
  • Posts: 140
on: Oct 12, 2022

Question 1

The graph shows average and marginal cost curves for a typical firm in a perfectly competitive industry in long-run equilibrium.



FIGURE 9-10

Refer to Figure 9-10. In long-run equilibrium, the firm will earn an economic profit of


◦ $0.
◦ $4500.
◦ between $0 and $4500.
◦ between $4500 and $17 500.
◦ more than $17 500.

Question 2

The graph on the left shows the short-run cost curves for a firm in a perfectly competitive market. The graph on the right shows the current market conditions in this industry.



FIGURE 9-7

Refer to Figure 9-7. What do you expect to happen in the long-run?


◦ Market supply will decrease.
◦ Market price will decrease.
◦ The firm's profit will decrease.
◦ both A and B
◦ both B and C
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kmoyer2 on Oct 12, 2022

ahardin89

  • Full Member
  • ***
  • Posts: 157
Reply #1 on: Oct 12, 2022
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 29% of students answer this correctly


kmoyer2

  • Member
  • Posts: 140
Reply 2 on: Oct 12, 2022
Gracias!

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

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

The Seringapatam medal shows a lion defeating a tiger The Seringapatam medal shows a lion defeating a tiger
Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p
The percentage of women who have cohabited by the age of 45 for 17 countries shows that the ... The percentage of women who have cohabited by the age of 45 for 17 countries shows that the ...
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library