Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer demand occurs. after all economic adjustments have been completed, product price will beanswer choicesa) lower, but total output will be larger than originally. b) higher, and total output will be larger than originally. c) lower, and total output will be smaller than originally. d) higher, but total output will be smaller than originally.
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Business, 22.06.2019 01:30
Iam trying to get more members on my blog. how do i do that?
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Personal financial planning is the process of creating and achieving financial goals? true or false
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Business, 22.06.2019 15:40
Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?
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Business, 22.06.2019 16:00
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
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Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that a...
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