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Mars2501 [29]
4 years ago
15

34. Short-run supply and long-run equilibrium Consider the competitive market for titanium. Assume that, regardless of how many

firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. 051015202530354045501009080706050403020100COSTS (Dollars per pound)QUANTITY (Thousands of pounds)MCATCAVC The following diagram shows the market demand for titanium. Use the orange points (square symbol) to plot the initial short-run industry supply curve when there are 20 firms in the market. (Hint: You can disregard the portion of the supply curve that corresponds to prices where there is no output since this is the industry supply curve.) Next, use the purple points (diamond symbol) to plot the short-run industry supply curve when there are 30 firms. Finally, use the green points (triangle symbol) to plot the short-run industry supply curve when there are 40 firms. Supply (20 firms)Supply (30 firms)Supply (40 firms)01252503755006257508751000112512501009080706050403020100PRICE (Dollars per pound)QUANTITY (Thousands of pounds)Demand If there were 20 firms in this market, the short-run equilibrium price of titanium would be per pound. At that price, firms in this industry would . Therefore, in the long run, firms would the titanium market. Because you know that competitive firms earn economic profit in the long run, you know the long-run equilibrium price must be per pound. From the graph, you can see that this means there will be firms operating in the titanium industry in long-run equilibrium. True or False: Each of the firms operating in this industry in the long run earns positive accounting profit. True False
Business
2 answers:
Jet001 [13]4 years ago
4 0
The right answer for the question that is being asked and shown above is that: "TRUE." <span>From the graph, you can see that this means there will be firms operating in the titanium industry in long-run equilibrium.

The right answer for the question that is being asked and shown above is that: "TRUE." Each of the firms operating in this industry in the long run earns positive accounting profit. True False</span>
NNADVOKAT [17]4 years ago
4 0

Output increases B.) According to endenuity

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A 1996 bill reforming the federal government’s antipoverty programs limited many welfare recipients to only two years of benefit
irina1246 [14]

a. Incentive to work increase

b. This change increase efficiency but decrease equality

Explanation:

a. Reduction of welfare benefits period increasing employment opportunities. Job prospects are diminished now (profit).

b. This bill reform would reduce the distortion created by the benefit program (disincentive to work) and thus improve efficiency.

At the same time, though, the move will reduce the Program's effect on poverty reduction and indirectly on social inequality.

The reform can therefore represent a balance between productivity and equity.

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4 years ago
Packard Corporation reported pretax book income of $500,000. Included in the computation were favorable temporary differences of
melomori [17]

Answer:

The corporation's current income tax expense or benefit would be $170100.

Explanation:

income tax expense or benefit = $500,000 + $100,000 - $10,000 -$80,000)*21%

                                                   = $107,100

Therefore, the corporation's current income tax expense or benefit would be $170100.

3 0
3 years ago
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12 million in 2017. Its assets tota
Ratling [72]

Answer:

$510,560

Explanation:

AFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))

  • A = assets = $4,000,000
  • S = sales = $7,600,000
  • L = liabilities that vary according to sales level = $450,000 + $450,000 = $900,000
  • Δ Sales = change in sales = $9,120,000 - $7,600,000 = $1,520,000
  • PM = profit margin = 4%
  • FS = forecasted sales = $9,120,000
  • d = payout ratio = 70%

AFN = ($4,000,000/$7,600,000) x ($1,520,000) - ($900,000/$7,600,000) x ($1,520,000) - (4% x $9,120,000 x (1 - 70%)) = $800,000 - $180,000 - $109,440 = $510,560

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For this situation, the choices ought to be against the three workers. This is principally because of the way that the inability to execute the understanding will bring about the hopeless damage which can be looked by the previous managers. The odds of a material change any inconclusive time later on doesn't bring about any sort of material change.  

Simultaneously, if there is an adjustment in the administration of the association, it doesn't bring about any sort of material change which can be used by somebody in that reality that the contract not to contend was revoked.

6 0
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<span>Under the New Deal, nature received a lot of attention because people realized that this type of valuable space was important to have a clean and a healthy population. Due to it following the Great Depression, people also saw the importance of the many jobs it would create.</span>
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