Answer:
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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.
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Answer:
The pressure exerted on the table due to the book is 200 N/m².
Explanation:
The pressure exerted on the table due to the book is 200 N/m².
The given parameters;
mass of the book, m = 400 g = 0.4 kg
dimension of the table, = 0.10m x 0.20 m.
gravitational field strength g = 10 N/kg.
The area of the table is calculated as follows;
A = 0.1 x 0.2 = 0.02 m²
The pressure exerted on the table due to the book is calculated as follows; where;
F is the force of the book due to its weight
Thus, the pressure exerted on the table due to the book is 200 N/m².
They are mixed, and the proportions are correct.