Ardenia is a small, open economy. its market for breakfast cereals can be considered competitive, with many producers and limited product differentiation. at the current market price of $10, a representative firm supplies 1,000 twenty-ounce packs of cereals per month. this allows the firm to earn $1,500 in economic profits. when the demand for cereals increased and the price went up to $10.5 per twenty-ounce pack, an industry analyst claimed that this would ensure a higher market share for each existing producer. this conclusion is flawed because:
Answers: 2
Business, 22.06.2019 01:00
The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?
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Business, 22.06.2019 19:40
An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
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Business, 22.06.2019 20:20
John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.
Answers: 2
Business, 23.06.2019 00:30
Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018
Answers: 3
Ardenia is a small, open economy. its market for breakfast cereals can be considered competitive, wi...
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