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Debora [2.8K]
3 years ago
7

Keeping in mind what you did in the lab this week, do you think that determining the volumes of your solid samples (rubber stopp

er, crock stopper, and pennies) by measuring their dimensions and calculating it mathematically would be more or less accurate than determining their volumes by water displacement? Explain.
Business
1 answer:
Over [174]3 years ago
3 0

Answer:

Calculating volumes by water displacement is always more accurate than using mathematical formulas when the objects have irregular shapes or it is difficult to measure them exactly. The only thing that you must keep in mind is measuring the water displacements properly. One ml of water equals 1 cm³, so if the water level increased by 5 ml, then the object's volume is 5 cm³.

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Assume the lunch plate industry in Oahu, a perfectly competitive industry, is in long-run equilibrium with a market price of $5.
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Explanation:

The lunch plate industry in Oahu is a perfectly competitive industry.  

This industry is also a decreasing cost industry. A decreasing cost industry can be defined as the type of industry where an increase in the number of firms in the industry causes the average production cost to decline.  

The industry is currently in long-run equilibrium and has the price level at $5.

As the demand increases, the price level will initially increase. But this increase in the price will cause the profits to increase and thus attract potential firms to join the market.  

As the number of firms increases the average cost of production will decrease. As a result, the supply in the market will increase more than the demand.  

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3 years ago
Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
Sphinxa [80]

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The correct answer is C. standard of living is ultimately determined by long-term growth.

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An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.

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