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AlexFokin [52]
3 years ago
5

Suppose independent truckers operate in a perfectly competitive constant cost industry. If these firms are earning positive econ

omic profits, what happens in the long run to the following: The price of trucking services
Business
1 answer:
Deffense [45]3 years ago
8 0

Answer:

The price of trucking services would fall until equilibrium prices are reached. Only normal profit would be earned in the long run

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

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g 2. Problems and Applications Q2 Indicate whether each of the following transactions represents an increase in net exports, a d
Scrat [10]

Answer and Explanation:

a. Since an american buys a sony tv so it would decrease the net exports as we know that net exports would be determined by deducting the imports from exports. Here the sony is an import so if an import is increase the net export would decrease

b. As the american purchase a sony stock share so it would increase the net capital outlow as the financial asset and stock would be shown in the capital account. as the money is given to sony so it would increase the net capital outflow

c. Sine the Japanese car would build a factory in Ohio so it decrease the net capital outflow as it is an imported good

d. As German citizen purchase an apple computer so it would rise the net exports as export would increase

6 0
3 years ago
Required: a. How many customer records are stored in the database? b. List customers who live in New York. c. List customers wit
Feliz [49]

Answer:

a- How many customer records are stored in the database

SQL Command for knowing number of customer records are stored is

SELECT COUNT(Customer Name) FROM tbl Customer ;

b- List customers who live in New york.

SQL Command for knowing number of customers who live in New york

SELECT Customer State, FROM tbl Customer WHERE CITY = 'New york' ;

c- List customers who credit limits grater than $50,000.

SQL Command for knowing number of customers who's credit limit is grater than $50,000

SELECT Customer Credit Limit, FROM tbl Customer WHERE Credit limit > 50,000 ;

d. List sales transaction made in July - 18

SQL Command for knowing sales in July - 18

SELECT InvoiceDate, FROM tbl Sales ;

e. What the number of total sales transactions made to each customer

5 0
3 years ago
Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p
mote1985 [20]

Answer:

B. $2,300.

Explanation:

The computation of the ending inventory using FIFO method is given below:

Since there are 5 diamonds and one is sold

So, the ending inventory units should be

= 5 - 1

= 4

Now the ending inventory be

= 2 × $600 + 2 × $550

= $1,200 + $1,100

= $2,300

Hence, the option b is correct

4 0
2 years ago
Net Worth is equal to assets minus liabilities. Which event will have the greatest impact (positive or negative) on one's net wo
ad-work [718]
I would say that for most people, buying an apartment or a house would be the most major thing they could do that would affect their net worth. Initially it would be mostly a liability at first but as it appreciates, especially if it is in a big city where the population keeps growing then it most likely will appreciate and then the owner's assets will increase since their equity will increase.
7 0
3 years ago
An important use of a hot stick is to_____?
jekas [21]
Protect them from electric shock
hope this helpss
7 0
3 years ago
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