If demand surges and pushes up the market price to 20, Ask an Expert

Economics

If demand surges and pushes up the market price to $20, industry-wide output will rise IN THE SHORT RUN due to...

an increase in the number of firms within the industry

an increase in the amount that each profit-maximizing firm will produce

an increase in the ATC of production

an increase in the number of firms within the industry AND in the amount that each firm will produce.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91846466

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose you perform a multiple regression to predict crime

Suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and the personal bankruptcy. Explain how to conduct a test of hypot ...

The increase in prescription drugs cost increases the drug

The increase in prescription drugs cost, increases the drug companies profit. Should there be restrictions to lower consumer cost and how much of their profit should be reinvested into research and development?

The number of phone calls that arrive at a phone exchange

The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a) Find the probability that there are exactly f ...

Assume newspaper for garbage or recycling has a standard

Assume newspaper for garbage or recycling has a standard deviation of 2 pounds. If we want to estimate the average amount of newspaper for garbage or recycling within .25 pounds with 90% confidence, how many households m ...

A product is made up of three parts that act independently

A product is made up of three parts that act independently of each other. If any of the parts is defective, the product is defective. Part one is defective 5% of the time, part two is defective 10% of the time, and part ...

If we compare and contrast the four market structures it is

If we compare and contrast the four market structures, it is evident that one market structure is most practiced and evident in the United States. It is the one that promotes and strives on competition. It is the one tha ...

A sample of 184 randomly selected students found that the

A sample of 184 randomly selected students, found that the proportion of students planning to travel home for Thanksgiving is 0.69. What is the standard deviation of the sampling deviation?

Suppose another variable x is continuous and its pdf isfx

Suppose another variable X is continuous and its pdf is: f(x)= (x^3 + x^2 - 2/3x + .75) 0 For this question, you may take our word that f(x) is greater than or equal to zero for all values of x in the domain. Prove th ...

Some seem to believe that we should be pure maximizers

Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?

Suppose a bond with no expiration date has a face value of

Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert