Explain producers in an industry
Explain producers in an industry are receiving pure or economic profits?
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If producers in an industry are receiving pure or economic profits, additional producers will move into the industry, the industry supply will increase, and the price will decrease thus squeezing out the economic profits. If producers in an industry are experiencing economic losses, some of these producers will exit the industry, the industry supply will decrease, and the price will increase thus eliminating the economic losses.
When Gene can make three pairs of cowboy boots per week or one saddle whereas Roy can make either two pairs of boots or two saddles, Gene will form boots whereas Roy makes saddles according to the: (i) Law of Occam’s Razor. (ii) Principle of comparative advantag
Write down the theories of capital structure?
Society gains from the activities of intermediaries which succeed within: (1) falling uncertainty and transaction costs for last consumers. (2) arbitrating strikes and defending workers’ rights. (3) creating productive jobs for unskilled workers
Can someone help me in finding out the right answer from the given options. The private sector is decomposed into: (1) Businesses and investors. (2) Households and stockholders. (3) Households and investors. (4) Businesses and households.
Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?
Who are the major players in international trade today? Besides Japan, what other Asian nations play significant roles in international trade?
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
Explain by giving example of an absolute advantage in production of two products?
Why does a demand curve slope downward?
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