On august 5, 2003, a tragic fire destroyed a large jim beam whiskey factory in kentucky. assume that the u. s. market for whiskey is perfectly competitive, and that the market was originally in long run equilibrium. what would be the effects of such an incident?
a. an increase in supply would cause a reduction in price, which would then lead to entry of firms.
b. a decrease in supply would cause an increase in price, which would then lead to entry of firms.
c. an increase in supply would cause an increase in price, which would then lead to entry of firms
d. a decrease in supply would cause an increase in price, which would then lead to exit of firms.
e. price of the whiskey would remain unchanged and the existing firms would continue to earn zero economic profit.

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.