Please provide accurate and correct answers to both questions without explanation. Thank you for your assistance. Describe what happens in the long run:3632282420161284MC1ATC₁AVC₁D₁2 4 6 8 10 12 14 16 18a) There will be an increase in price until the economic profit is zero.b) There will be a decline in demand causing economic profits to decline.c) There will be a decline in price until the economic profit is zero.d) There will be an increase in demand causing economic profits to decline. Refer to the below graph and state which options represents an economically efficient allocationof resources?AOSx xxcFRUITa) Point A only.b) Points C and Dc) Not enough information to answer the question.d) Points E and A

1. In the long run, every cost and production element is a moving target in economics. 2.The…

Answered: Describe what happens in the long run:…

Business

Economics

Describe what happens in the long run: 36 32 28 24 20 16 12 8 4 MC1 ATC₁ AVC₁ D₁

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose you own a profitable small business in another state and you wanted to hold a meeting, but you needed to make a decision on whether to fly to the other state using your free frequent-flyer miles and pay a $100 cab-fare or hold a video conference meeting (at a facility that you have already prepaid a $2000 access-fee but must also paid a $155/hour to use the facility). What option should you choose?
You need some garbage bags for your house and decide to stop by one of the local Dollar Generals (DG). You are faced with two alternatives that make sense to you. The first option is a box of 38 bags and the price is $7.00. The second option is a box of 17 bags at a cost of $5.00. What is the better choice?
Can you please give me more details for each questions. I need more information. Thanks
How media support global integration. please do not plagiarize the answer in the internet. do typing not writing on paper to read it clear. Thank you.
Read the following article and then answer the questions that follow: Without question, the most important positive action you can take to prevent illness and disease is exercise. Exercise prevents a long list of diseases that can cause chronic or severe illness, disability, and even death, including cancer, heart disease, stroke, high blood pressure, vascular disease, diabetes, obesity, and osteoporosis. Exercise also prevents mental health illness and disease disorders, including depression, anxiety, and stress. While some of these disease processes can be reversed with exercise and healthy life-style, some cannot. Preventing them from starting is the number one goal. The most negative lifestyle behaviour is smoking. Smoking contributes to the development of almost all diseases, notably cancer, heart disease, high blood pressure, high cholesterol, diabetes, and asthma. Smoking has the following negative health effects: lowers immunity, making you more likely to get bronchitis,…
Answer this question
James has two young children (Finn and lain) who are visiting the doctor for their annual well-child check-ups. The doctor's office charges $105 for well-child appointments. Health insurance pays 100% of the costs associated with well-child visits and does not require a copayment. James' health plan monthly premium is $1,400 and has a $1,000 deductible. How much will James be charged when the appointment is done?
evaluate if the United States has been a leader in the global economy in recent decades. answer in 3 to 5 sentences
Globalization had brought different effects to the society. It had changed that world and how the world processes. Different states join together in creating a better world for humanity. Different businesses establish parts of their business in different parts of the planet in order to provide work for the underdeveloped or developing nations. Most of these nations profit from the globalization processes of the world because this is the way in which they acquire profit. Having a Multi-national Corporation (MNC) invest in one of those nations provides good opportunity not only for the government but also the people. Among the entities involved in the process of globalization, the people are said to profit most for the reason that they are given opportunities and jobs for their family. However in another perspective, the MNCs could be seen as the most profitable entity in the aspect of globalization. It is known to many that the labor pay for the people of the developed and…
Business model innovation always means using the Internet to replace face-to-face transactions. True False
Your friend bought two tickets to see James Taylor play at the Save-On Center, but now her partner can’t make it. You knew about the concert, but you decided you’re not a big enough fan to pay $100 for a ticket. On the other hand, she would have bought tickets even if they cost $150 each. If you assume that she cannot sell the ticket anywhere else, what is the minimum price you can offer her for the ticket that she will accept? Explain your answer.
Ali is a member of a family that consists of him, his father, his mother and his older brother. Each member of the family has his own mobile phone. Each mobile phone is on a post-paid plan, for which a monthly bill is received at the end of each month. The electricity, on the other hand, is provided to the entire house in general, with one bill is received at the end of each month. The father has recently received the electricity bill for the month. and wishes to do some analysis of electricity consumption. Assuming that the value of the electricity bill is calculated based on a constant monthly subscription fee. In the above information, the cost of electricity to Ali is: а. A direct fixed cost O b. An indirect fixed cost Ос. An indirect, variable cost O d. A direct, variable cost е. An indirect mixed cost