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wel
4 years ago
11

Consider a perfectly competitive industry initially in the long-run equilibrium. If all firms in the industry are required to ad

opt costly antipollution devices, the long-run effects would be that the firms would be earning ______________ and the industry will be producing ______________ amounts of output.
Business
1 answer:
beks73 [17]4 years ago
6 0

Answer:

<em>zero economic profits; lesser or smaller</em>

Explanation:

<em> Long-run is basically comes in form when the cost which is been spent by the industry remains equal to the money which has been earned by the industry.</em>

<em>If every firm in the industry will be adopt costly antipollution devices, then the firm will be earn </em><u>zero economic profits</u><em> and the industries will able to produce in </em><u>lesser or smaller</u> <em>quantity of outcome. </em>

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4 0
3 years ago
If a 30 % price increase for Product A causes a 10 % decrease in its quantity demanded, but no change in the quantity demanded f
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Answer:

0

Explanation:

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The increase in price of product A has no effect on the quantity demanded of product B. Therefore, the cross price elasticitiy is zero.

I hope my answer helps you

6 0
4 years ago
The most appropriate match between type of product and type of process occurs as one moves away from the diagonal in the product
Pavel [41]

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5 0
4 years ago
1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sell
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Answer:

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8 0
3 years ago
A business owner makes 50 items by hand in 40 hours. She could have earned $20 an hour working for someone else. Her total expli
pogonyaev

Answer:

- $250

Explanation:

The computation of the economic profit is shown below:

= Total revenues - explicit cost - implicit cost

where,

Total revenues = Explicit revenue × implicit revenue

                         = $15 × 50 items

                          = $750

Explicit cost = $200

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Now put these values to the above formula

So, the value would be equal to

= $750 - $200 - $800

= - $250

7 0
3 years ago
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