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mash [69]
3 years ago
8

Assume that the market for soybeans is purely competitive. currently, firms growing soybeans are experiencing economic profits.

in the long run, we can expect:
Business
1 answer:
aleksley [76]3 years ago
4 0

In the long run, we can expect: new firms to enter, and the industry’s supply to increase.

The supply would increase as new firms will try and enter the same business and they will be producing soybeans too. We have to assume that these firms have recently found out that growing soybeans will mean an increase in economic profits.

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Malaysia and Laos are members of the same trading bloc that promotes trade and economic integration among member nations in the
Mademuasel [1]

Answer:

The Association of Southeast Asian Nations (ASEAN)

Explanation:

The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising of Singapore, Brunei, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Laos, Cambodia, and Myanmar. It promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration among its members and other countries in Asia.

3 0
2 years ago
"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such
elena-14-01-66 [18.8K]

Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>

7 0
3 years ago
A small private college situated in a rural geographic setting, a research lab at a bio-tech company and an attorney could all b
Gekata [30.6K]

Answer:

The correct answer to the following question is C) Appropriate audience for an advertising campaign.

Explanation:

When a company wants to sell its product in the market , it is very important for them to understand who their target market or target audience are, because these are the people who are in interested in buying company's product not everyone in the market. So it becomes very important for the company to identify who their target audience are and to make a connection with them, so that they can be influence in to buying the company's product.

And in the given above question all of them are example of target audiences.

7 0
2 years ago
Why do we subtract depreciation in the calculation of EBIAT if we are going to add it back as the next step of the Free Cash Flo
vladimir1956 [14]

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Depreciation on assets is recognized by tax authorities as an expense that a business actually incurs so when the income statement is calculated, depreciation needs to be removed as the expense that it is so that taxes can be calculated on the profit.

Depreciation however, does not take actual cash from the company i.e the company does not actually pay anyone cash for depreciation like most other expenses. It needs therefore to be added back to the Free Cash Flow because the FCF deals with how much actual cash the company has which is something that Depreciation being a non-cash expense did not reduce.

3 0
2 years ago
The income effect causes quantity demanded to​ ________ when the price of a normal good​ decreases, and causes quantity demanded
AveGali [126]

c. ​increase; decrease

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2 years ago
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