subject
Business, 20.04.2021 18:30 shayshayyy41

The market for beef is in long-run equilibrium at a price of $3.25/lb. The announcement that mad cow disease has been discovered in the United States reduces the demand for beef sharply, and the price falls to $2.00/lb. If the beef industry is characterized as a constant cost industry where input prices do not change as more firms enter the market, then when long-run equilibrium is re-established the price will be:

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 21:40, brooket30057
Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
image
Business, 22.06.2019 22:00, tynyiaawrightt
Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases. b. the equilibrium wage increases and the equilibrium quantity of labor decreases. c. the equilibrium wage decreases and the equilibrium quantity of labor increases. d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.
Answers: 2
image
Business, 22.06.2019 23:00, dededese2403
Which of the following represents an unlimited queue? a. toll booth serving automobiles on the interstateb. drive through lane at a fast food restaurantc. faculty office with limited seating during office hoursd. restaurant with no outside seating and limited capacity due to fire departments restrictionse. small barbershop with only 5 chairs for waiting customers
Answers: 3
image
Business, 23.06.2019 01:30, SpittingFatLama
Nba all-star baron davis and his school friend, cash warren, premiered their first movie "made in america" at the sundance festival in january 2008. the movie, based on gang activity in south central los angeles, received good reviews.    source: the new york times, february 24, 2008         draw baron davis's ppf. label it ppfdavis. draw your own ppf. label it ppfmine.
Answers: 2
You know the right answer?
The market for beef is in long-run equilibrium at a price of $3.25/lb. The announcement that mad cow...

Questions in other subjects: