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Tems11 [23]
1 year ago
12

In long-run equilibrium, the perfectly competitive firm earns __________ economic profits.

SAT
1 answer:
DochEvi [55]1 year ago
3 0

In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.

<h3>What economic profits are earned in a perfectly competitive market?</h3>

In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.

This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.

Find out more on perfectly competitive markets at brainly.com/question/15712381

#SPJ1

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In a recent survey, 1358 arizona state university students were asked about their plans after graduation. The following results
lisov135 [29]

The answers to the given questions on the survey of students by the use of a Venn Diagram are;

A) Venn diagram attached

B) 57 Students

C) 811 Students

D) 785 Students

E) 67 Students

<h3>Understanding Venn Diagrams</h3>

We are given;

  • Total number of Students = 1358
  • Number of Students that plan to get a new job = 1194
  • Number of Students that plan to attend graduate school = 306
  • Number of Students that plan to buy a new car = 547
  • Number of Students that plan to do all three things = 46
  • Number of Students that plan to only attend graduate school = 28
  • Number of Students that plan to get a job and buy a new car, but not attend graduate school = 432
  • Number of Students that plan to get a new job and attend graduate school = 221

A) I have drawn a Venn Diagram to depict this given numbers of students and I have attached it.

B) From the venn diagram, we can see that the number of people that plan to attend graduate school and buy a new car, but not get a new job = 57

C) From the Venn diagram, we can calculate the number of students that do not plan to buy a new car is;

541 + 175 + 28 + 67 = 811

D) From the venn diagram, we can calculate the number of students plan to get a new job or buy a new car as;

541 + 175 + 12 + 57 = 785

E) From the venn diagram, we can see that the number of students that do not plan to get a new job, attend graduate school, nor buy a new car is; 67

The complete part of the question is;

A) Draw a Venn diagram that represents the situation consisting of 2. cardinalities.

B) How many people plan to attend graduate school and buy a new car, but not get a new job?

C) How many students do not plan a buy a new car?

D) How many students plan to get a new job or buy a new car?

E) How many students do not plan to get a new job, attend graduate school, nor buy a new car?

Read more about Venn Diagrams at; brainly.com/question/2099071

6 0
2 years ago
Which answer choice is a solution to the inequality mc001-1. Jpg? –1 1 1. 5 0.
andriy [413]

Answer:

the solution to the inequality is 10511

Explanation:

8 0
2 years ago
Among fatal plane crashes that occurred during the past 65 years, 374 were due to pilot error, 51 were due to other human error,
notka56 [123]
Mechanical problems since they can be solved and have the second most deaths. I would have the plane go through at least 3 examinations before boarding then one passenger exam before takeoff.
7 0
3 years ago
12) a wet shirt is put on a clothesline to dry on a sunny day. The shirt dries because water molecules --------------. Choose th
Lelechka [254]

Answer:

II. gain heat energy and evaporate

Explanation:

Evaporation is the process of liquid turning to gas. When clothes dry, the water molecules get heated by the sun's heat and evaporate into the atmosphere.

4 0
2 years ago
Anyone now what test this is
arsen [322]

Answer:No i do not recall knowing sorry.

Explanation:

5 0
3 years ago
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