ZuoTi.Pro
Question

Please help with these questions

Question 37 0.4 pts Use the following scenario to answer the following questions: Carmelas Churros is a perfectly competitive firm that sells desserts in Houston, Texas. Carmelas Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will stay where it is. increase in the short run decrease in the long run. decrease in the short run increase in the long run. Question 38 0.4 pts Lobbying the government to place harsh tariffs on imports is a form of O rent seeking. O deregulation. beneficial competition. natural monopoly. market failure.

Question 39 0.4 pts When a perfectly competitive firm or a monopolistically competitive firm is making zero economic profit O the price of the output will rise in the long run. O the industry is in equilibrium; no firms will want to enter or exit. O those firms who dont differentiate their product sufficiently will want to leave the market. O market demand shifts to the right. O those firms who wish to differentiate their product more will want to enter the market. Question 40 0.4 pts Refer to the accompanying figure to answer the following questions. Price $100 MC $60- $50--- $40 $20 MR 15 25 50 Quantity Consumer surplus associated with a profit-maximizing monopoly is equal to O $600 O $100. O $900. O $300. O $450.

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

4 Mc.

0 0
Add a comment
Know the answer?
Add Answer to:
Please help with these questions Question 37 0.4 pts Use the following scenario to answer the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Please help Question 49 0.4 pts Use the following scenario to answer the following questions: Carmela's...

    Please help Question 49 0.4 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Carmela's Churros' economic profits are O$40,000 O $15,000 O $80,000 O $25,000 Question 50 0.4 pts You can tell a firm is operating in a market that is in long-run competitive equilibrium...

  • Please help with these questions, Question 1 0.16 pts Use the following scenario to answer the...

    Please help with these questions, Question 1 0.16 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will O stay where it is increase in the long run. decrease in the long run. O decrease...

  • Please help with these questions Question 45 0.4 pts Refer to the accompanying figure to answer...

    Please help with these questions Question 45 0.4 pts Refer to the accompanying figure to answer the following questions. Price and Cost MC ATC Quantity If the price is $3, the firm is making a profit and will exit the market. O zero profits and the market is at long-run equilibrium. O a proft and more firms will enter the market. O a loss and will exit the market. a loss and more firms will enter the market. Question 46...

  • Please help with these questions Question 21 0.4 pts The market for candles is perfectly competitive...

    Please help with these questions Question 21 0.4 pts The market for candles is perfectly competitive and is currently in equilibrium. What will happen if candles are later linked to more houses catching on fire? In the short run, firms will incur economic losses, but in the long run, firms will enter the market, bringing economic profits back up to zero In the short run, firms will experience economic profits, but in the long run, firms will enter the market,...

  • Please help with these questions Question 25 0.4 pts If the short-run supply curve, the demand...

    Please help with these questions Question 25 0.4 pts If the short-run supply curve, the demand curve, and the long-run supply curve all intersect at the same point, firms will experience. economic profits, which means the price is____ the average total cost curve the minimum point on negative; at positive; above O zero; above zero; at O negative; below Question 26 0.4 pts If all monopolistically competitive firms had identical cost curves, then O long-run profit for each firm would...

  • Please Help Question 9 0.16 pts The gap between the actual quantity produced by a monopolistically...

    Please Help Question 9 0.16 pts The gap between the actual quantity produced by a monopolistically competitive firm and the optimal quantity in a competitive market is known as inefficient scale. insufficient capacity. flux capacity O markup. excess capacity Question 10 0.16 pts We could state correctly that the minimum characteristic necessary to distinguish among price-making firms is O price discrimination. the number of firms in the industry. whether they produce industrial or consumer products. O product differentiation. O the...

  • Please help with these questions Question 5 0.4 pts Which of the following lists three main...

    Please help with these questions Question 5 0.4 pts Which of the following lists three main characteristics of a competitive market? many buyers and few sellers, similar products, easy entry into the market O many buyers and sellers, differentiated products, easy entry into the market many buyers and few sellers, unique products, barriers to entry into the market O many buyers and sellers, similar products, barriers to entry into the market O many buyers and sellers, similar products, easy entry...

  • Please help with these questions, Question 11 0.16 pts If Firm A is making zero economic...

    Please help with these questions, Question 11 0.16 pts If Firm A is making zero economic profits, Firm A is breaking even when opportunity cost is taken into consideration. O Firm A is also making negative accounting profits. other firms want to enter the market. Firm A wants to shut down in the short run. O Firm A wants to leave the market. Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run...

  • Please help with these questions Question 29 0.4 pts A firm that produces a product that...

    Please help with these questions Question 29 0.4 pts A firm that produces a product that is characterized by externalities finds it easier to keep its customers from switching to rivals. O network O negative O positive O labor market O public good Question 30 0.4 pts An example of a tying arrangement is O a restaurant offering both Pepsi and Coca-Cola products. O a car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells two companies...

  • Please help with these questions Question 1 0.4 pts We could state correctly that the minimum...

    Please help with these questions Question 1 0.4 pts We could state correctly that the minimum characteristic necessary to distinguish among price-making firms is O the level of the concentration ratio. O whether they produce industrial or consumer products. O the number of firms in the industry O price discrimination. O product differentiation. Question 2 0.4 pts According to Section 2 of the Sherman Antitrust Act, a person who attempts to monopolize commerce among the several states is guilty of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT