Answer:
The number of firms and the industry's output will increase.
Explanation:
profits = 15*3000 - 36000
= 9000
so here the industry is in profits and as there is free entry and exit the firms will start entering because of the profits thus as more firms enter supply will increase thus prices will fall and firm will break even in lomg run.
Answer:
Project vs process
Simply put, a process is a set procedure that involves a sequence of steps that need to be taken in order to produce a result, whereas a project is a temporary course of action that aims to deliver a distinctive product, service, or result.
Answer:
The correct answer is $1,100.
Explanation:
The loss is the lesser of the adjusted basis of the asset ($1,500) or the decline in value (here the amount of repairs - $2,450). Before the loss is compared to the per casualty floor limit, the amount of the loss ($1,500) must be reduced by insurance reimbursements ($400).
C. 4 hours to grow enough cells to cause illness.
Answer:
D. very large because the average total cost of production falls with output.