He most cost-effective way to produce gasoline is to never interrupt the process because the constant, uninterrupted production
1 answer:
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Answer:
More; increasing supply and earning profit; entering the market; reducing the profit to zero; horizontal.
Explanation:
The claim by WebMD that the protein in tuna would lead to 2 Years increase in life expectancy would cause the demand to increase at every price. The demand curve will consequently shift to right.
As a result the firms in short run will supply more and enjoy profits.
Since the firms were facing long run equilibrium and were enjoying zero profit, an increase in price will cause profit to firms.
Since in the short run firms can not enter or exit they will continue producing.
In the long run attracted by the profit earned by existing firms, the new firms will enter the market till all the firms are having zero profits.
In the tuna industry the new firms will start production, so the industry supply will increase causing a rightward shift in the supply curve.
In the long run the shape of the supply curve of the industry will be horizontal.
Answer:
$143137.25
Explanation:
Given that:
The annual gross income = $54000
The monthly gross income = $54000/12
= $4500
Using the PITI guideline, a mandatory expense of 38% of monthly income is applied.
So;
Expense = $4500 × 38% = $1710
Additional Monthly debt = $810
Cost of Prop. Taxes and H.O insurance = $170
Monthly Balance left = $1710 - $(810 + 170) = $730
Mortgage payment factor = 6.00
Monthly mortgage payment =
= $121666.67
Affordable home purchase price =
= $143137.25