--%>
Assignment Help - homework help

Effect of substantial subsidy on long-run supply curve

The government passes a law which allows a substantial subsidy for every acre of land utilized to grow tobacco. How does this program influence the long-run supply curve for tobacco?

A subsidy on tobacco production reduces the firm’s costs of production. These cost decreases encourage other firms to enter tobacco production, and the supply curve for the industry shifts towards the right.

   Related Questions in Biology

  • Q : Define Emerging Markets Emerging

    Emerging Markets: These markets are broadly stated as nations in the process of quick growth and industrialization. Often times, such nations are transitioning to an open market economy with a rising working age population. The word itself was coined

    		•
  • Q : Hormones are secreted by the

    Explain the hormones which are secreted by the neurohypophysis? Also Illustrate their particular functions?

    		•
  • Q : Illustrate the Activation center of an

    Illustrate the activation center of an enzyme? Is it the key or lock of the lock and key model?

    		•
  • Q : Cutbacks at the organization What are

    What are the consequences of Cutbacks at the organization in minimizing costs ?  

    		•
  • Q : Explain Performance Management

    Performance Management: Performance management includes set of activities which ensures that both organisational and personal goals are met in a most effective and in efficient manner. It can focus on performance of an organisation, employee, a depart

    		•
  • Q : Correction systems in cells Mistakes

    Mistakes might happen throughout every copying procedure. The similar is true for DNA replication. Are there any correction systems in cells which try to fix such mistakes? Beneath which condition are the mistakes taken just by the individual owner of

    		•
  • Q : Factors Influencing Perception -

    Individuals may look at the same thing, yet perceive it differently? A number of factors operate to shape and sometimes distort perception. These factors include: 1) Characteristics of the perceiver (internal factors) 2) Characteristics of the target or perceived (external factors

    		•
  • Q : Problem on vaginal bleeding When I am

    When I am no longer having my monthly period since of menopause, when must I be worried regarding new onset vaginal bleeding?

    		•
  • Q : Formation of mesoderm How the mesoderm,

    How the mesoderm, the third germ layer of the triploblastic animals is formed?

    		•
  • Q : Various types of OLAP Explain various

    Explain various types of the OLAP?

    		•