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Kay's dog walking service is a profit-maximizing, competitive firm. Kate walks dogs for $7 each. Her total cost each day is $40-she spends $30 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day. If Kay walks five dogs a day, Kay should shut down or operate in the short run.? 2)Why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run? Choose one: A. Because in the short run, her profit is always positive. B. Because the zero profit in the long run is, in fact, zero accounting profit, and it only matters in the books. C. Because the producer has a high cost of exiting this market, and counting that cost, it is better for her to continue operating at zero profit. D. Because at zero profit, with her revenue, she can cover all her costs-explicit and implicit (opportunity cost). Consider a competitive market for a consumer product. Suppose a tax is levied on consumers. This tax will increase or decrease the market demand. As a result, the market equilibrium price will decrease or increase in the short run. This will result in firms in entering or exiting this market in the long run. Consider a competitive market for a consumer product. Suppose this product goes out of fashion with consumers. How will this sudden drop in popularity affect the profit of an individual firm in this market in the long run? Choose one: A. The profit of an individual firm increases from zero to a positive value in the long run. B. The profit of an individual firm increases from a smaller positive value to a larger positive value in the long run. C. The profit of an individual firm stays at zero in the long run. D. The profit of an individual firm decreases from zero, and the firm will incur a loss in the long run. Consider a competitive market for a consumer product. Suppose this product gains a sudden popularity among consumers. How will this sudden popularity impact the profit of an individual firm in this market in the long run? Choose one: A. The profit of an individual firm increases from zero to a positive value in the long run. B. The profit of an individual firm increases from a smaller positive value to a larger positive value in the long run. C. The profit of an individual stays at zero in the long run. D. The profit of an individual firm decreases from zero, and the firm will incur a loss in the long run.
On being heated with potassium ethoxide in ethanol (70 degrees C), the deuterium-labeled alkyl bromide shown gave a mixture of 1-butene, cis-2-butene, and trans-2-butene. On the basis of your knowledge of the E2 mechanism, predict which alkene(s),..
If a solution is made by mixing 20.0 mL 0.3 M NaCH3COO with 30 mL 0.4 M CH3COOH, calculate the pH of the solution? For acetic acid, K = 1.76 x 10-5.
A 486 mL sample of water was cooled from 50.0°C to 10.0°C. Assuming a specific heat of 4.184 J/K g and a density of 1.00 g/mL, find the amount of heat transferred from the water to the surroundings.
What is the molar mass of an ideal gas if a 0.800 g sample of this gas occupies a volume of 200. mL at 50.0 oC and 720. mm Hg
What by-product would be obtained in high yield if the diazotization of p-toluidine were carried out at 30°C instead of 0 to 5°C
Calculate the amount of heat required to completely sublime 78g of solid dry ice at its sublimation temperature. The heat of sublimation for carbon dioxide is 32.3kJ/mol .
A gas at 32 ºC occupies a volume of 250 mL. To what temperature must the gas be changed to occupy a volume of 285 mL
a strip of mg of mass 15g is dropped into a beaker of dilute hcl. determine the work done by the evolution of h2 in the
how to interpret hnmr spectra of 1-naphthol, why are the signals that occur more upfeild occuring more up feild. and likewise why are the signals occuring more downfield occuring downfield?
under what conditions of pressure and temperature do real gases most closely approximate ideal-gas behavior?a name the
Explain the large disparity in the numerical results pf Part (a). Discuss the advantages and disadvantages of the three energy sources.
Explain Coronary Artery Disease: Good and Bad Cholesterol, A middle-aged man has been diagnosed as being at high-risk of developing Coronary Artery Disease.
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