Engineering, 07.11.2019 07:31 hollie52
"if firms in a monopolistically competitive industry are earning economic profits, new firms will enter the industry. eventually, the representative firm will find its demand curve has shifted to the left, until it is just tangent to its average cost curve and it is earning zero profit. because firms are earning zero profit at that point, some firms will leave the industry, and the representative firm will find its demand curve will shift to the right. in long-run equilibrium, price will be above average total cost by just enough so that each firm is just breaking even." is the analysis correct or incorrect?
Answers: 2
Engineering, 04.07.2019 16:10
The force on a cutting tool are 2600n vertically downward and 2100 horizontal. determine the resultant force acting on the tool and the angle at which it acts.
Answers: 1
Engineering, 04.07.2019 18:10
During a steady flow process, the change of energy with respect to time is zero. a)- true b)- false
Answers: 2
Engineering, 04.07.2019 18:10
Which one from below is not one of the reasons of planning failures? (clo3) a)-planner is careless. b-planner spend less time in the field but more time on the desk c)-planner is not qualified d)-planner does not have sufficient time to properly plan
Answers: 3
Engineering, 04.07.2019 18:10
Compute the pressure drop of 30°c air flowing with a mean velocity of 8 m/s in a circular sheet-metal duct 300 mm in diameter and 15 m long. use a friction factor, f 0.02, and pair = 1.1644 kg/m a. 37.26 pa b. 25.27 pa n c. 29.34 pa d. 30.52 pa
Answers: 1
"if firms in a monopolistically competitive industry are earning economic profits, new firms will en...
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