QUESTION Which of the following statements is TRUE?I.Free entry in a perfectly competitive industry results in the industry’s firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent.II.In a perfectly competitive market, long-run equilibrium is characterized byLMC < P < LATC.III.If a competitive industry is […]
QUESTION Monster Bicycle Manufacturing Company1234 Ghoul Rd.Underbed, FL 34567Federated Regulated Economic Associated ConsultantsEquilibrium StreetPort Richey, FL 34666Dear Federated Regulated Economic Associated Consultants (FREAC),My firm produces bicycles. The market price for the bicycles is currently $500, and we have beenproducing 13 bicycles per week. I don’t believe that my firm could be doing any better producing […]
QUESTION Suppose the demand curves in two different markets are given by: Q_1=24 – P_1 and Q_2=24 – 2P_2and that a monopoly can serve both of these markets at a constant marginal cost of $6.a) If the monopoly canât separate both markets, then what would be the equilibrium price and quantity? Explain.b) Does the firm […]
QUESTION A 745-kg satellite is in a circular orbit about Earth at a height above Earth equal to Earth’s mean radius. (a) Find the satellite’s orbital speed. . m/s(b) Find the period of its revolution. h(c) Find the gravitational force acting on it. N. ANSWER: REQUEST HELP FROM A TUTOR
QUESTION The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2014, includes these accounts: Inventory $23,450; Purchases $155,740; Sales Revenue $191,850; Freight-In $4,990; Sales Returns and Allowances $4,000; Freight-Out $1,170; and Purchase Returns and Allowances $2,970. The ending merchandise inventory is $29,990. Prepare a cost of goods sold […]
QUESTION What were the short term effectsas well as the lasting effects of the subprime mortgage crisis on thebond market, the stock market, and the foreign exchange market? Need more two or more examples for each. ANSWER: REQUEST HELP FROM A TUTOR
QUESTION The College Entrance Exam Board states that the mean score on the achievement test they administer is 450 with a standard deviation of 40. After tutoring a group of 100 students, you test the students and their mean is 464. Do a hypothesis test to find if the sample mean is significantly higher than […]
QUESTION Utilize concentration ratios to find two examples of very concentrated industries (use examples that arenot in your text.Determine if there have been any recent (past 10 years) attempts by these firms to merge.What was the outcome? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION 1. The local Hair Cuttery is a beauty parlor / hair cut establishment operating in a monopolisticallycompetitive industry in longrun equilibrium. The manager notes that each day, not all of the chairs inthe establishment are full. One option would be to lower the price of a haircut which bring in morecustomers and lower average […]
QUESTION A 475 kg satellite is in a circular orbit at an altitude of 525 km above the Earth’s surface. Because of air friction, the satellite eventually falls to the Earth’s surface, where it hits the ground with a speed of 2.30 km/s. How much energy was transformed into internal energy by means of air […]
