In long-run equilibrium, the perfectly competitive firm earns __________ economic profits.

Answers

Answer 1

In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.

What economic profits are earned in a perfectly competitive market?

In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.

This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.

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Related Questions

kenji and mary are members of a school committee

Answers

The probability that Kenji and Mary will not sit next to each other at the meeting is  P = 1 / 3.

What is the measure of probability?

Probability is a term that connote the ratio or the likelihood of the number of favorable outcomes to that of what we say the total number of outcomes.

Hence, the probability will be:

Since there are 6 positions  and two of them are locked, therfore,

P= [tex]\frac{5! x 2!}{6!}[/tex]

P = 1/3

Therefore, The probability that Kenji and Mary will not sit next to each other at the meeting is  P = 1 / 3.

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Kenji and Mary are members of a school committee that will be meeting this afternoon. the 6 members of the committee will be seated randomly around a circular table. what is the probability that kenji and Mary will not sit next to each other at the meeting?

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all of the following types of clauses are intended to protect a lender's interests if the borrower defaults on a loan EXCEPT

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All of the following types of clauses are intended to protect a lender's interests if the borrower defaults on a loan EXCEPT exculpatory clause.

What is a lenders interest?

This is the clause that is done in order to take care of the payment that the borrowers has to make back to the lender based on the loan that they collected.

This clause is done with the interest of the person that gave out the money in mind. This is in order to avoid issues that may arise when payment is due.

What is the exculpatory clause?

This is the idea that a person is not going to be responsible for or held for damages if there happens to be issues with the contract, that may appear in the form of damages.

If the other party is inured, the other party would be free totally from all forms of damages.

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purple flower plant only produce purple flowers genotype

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is this a true or false question? if yes , then i think it's true

How do the roles of caregivers compare to those of parents

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The  roles of caregivers can be compared to those of parents in the sense that Caregivers are part of a child's support structure, but not all caregivers are parents.

What is the difference between caregiver and parent?

A caregiver serves as one that gives care to someone  that is in need of   help to take care of themselves.

They may render help to a  child, an adult, or an older adult, which could be because of  of an injury or disability as well as  chronic illness such as Alzheimer's disease.

It should be noted that Caregivers are part of a child's support structure, but not all caregivers are parents.

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As opposed to unstructured interviews, structured interviews:

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It is correct to state that as opposed to unstructured interviews, structured interviews "rely on a given set of standard and premediated questions as a tool for gathering information."

"What is an unstructured interview?

An unstructured interview on the other can be simply termed an impromptu interview.

The questions are not premeditated in the data collection process.

What is the purpose of a structured interview?

Even when several interviewers are participating, structured interviews bring greater objectivity into the process.

You can compare candidates fairly since there is less room for interviewer bias when you develop an uniform list of questions and evaluation procedures.

What is the purpose of an unstructured interview?

These are open-ended interviews. This impromptu approach can help you gather comprehensive data on your subject while still enabling you to spot patterns during the analysis stage.

This is because, there may be important questions that arise which were not included in the structured list of questions.

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The objectives of a sales call other than its primary call objective are called its

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The objectives of a sales call other than its primary call objective are called its secondary call objectives

What is a Sales Call?

This refers to the process where a marketer calls a prospective buyer to try and sell his product.

Hence, we can see that the main aim of a sales call is to get a prospective buyer to purchase a product and the other objective is known as its secondary call objectives.

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Charging higher prices to residential customers than to industrial customers is an example of

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Charging higher prices to residential customers than to industrial customers is an example of  ​third-degree price discrimination.

What is Third-degree price discrimination?

This often takes place if  a firm charges a  kind of different price to different consumer groups.

This form of discrimination is known to be the most common and as such, Charging higher prices to residential customers than to industrial customers is an example of  ​third-degree price discrimination.

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Property Pros LLC pays Jiffy Painting Co $2,000 in December for painting services to be performed next month. P

Answers

Based on the fact that Property Pros LLC pays Jiffy Painting Co for painting services that are not yet done, the other account would be Prepaid Services.

What account should Property Pros LLC debit?

When using the accrual basis of accounting, costs are only recorded when they are incurred or rather when the service associated to the cost has been received.

For instance, if you pay for the subscription to a magazine for a year, it would count as prepaid services because you have no yet receive the magazines.

Only when you receive all the magazines will you then remove it as a prepaid service.

Property Pros LLC has not received the painting service so this will be debited to the Prepaid Services account as an asset to represent that Jiffy Painting Co. owes them for services.

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a patient with urolithiasis is more likely to

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A patient with urolithiasis is more likely to:

Have frequent UTIs.

What is Urolithiasis?

Urolithiasis also known as Kidney stones and occur when mineral deposits form in the kidney of a person. They could cause pain in which case, pain medication is ideal.

If left untreated, this condition could lead to an infection. So a urinary tract infection is a probable result of this condition.

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The average age of a breed of dog is 19.5 years. if the distribution of their ages is normal and 20% of dogs are older than 22.6 years, find the standard deviation.

Answers

The  standard deviation of the average age of a breed of dog  is said to be 3.69.

What is the standard deviation about?

Note that we take:

x = dog age has mean 19.5 Unknown standard deviation.

Hence:

z = (x - mean) /SD is distributed N (0,1) - mean o standard deviation 1 (standard normal)

Since 20% of dogs are known to be older than 22.6 years:

So 22.6 years is said to be 80th percentile,

Since z matching to 80th percentile (using the standard normal table) s is 0.84.

Then one need to plug z, x which is  = 22.6

mean = 19.5 into the stated z equation:

Hence,

0.84 = (22.6 - 19.5)/SD

SD = (22.6 - 19.5)/0.84

= 3.69

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Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022 1. Sell product for $25,000 with historical cost of $20,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $40,000 with historical cost of $32,000

Answers

The computation of the balance sheet based on the information given is that there will be an amount of retained earnings of $22917.

How to illustrate the balance sheet?

It should be noted that a balance sheet is the financial statement which shows the summary of the financial statement for a company.

It should be also noted that the balance sheet. contains the assets, liabilities, and the shareholders equity.

Beginning retained earnings = $22900

Add: net income = $17

Final amount of retained earnings = $22917

In this case, the computation of the balance sheet based on the information given is that there will be an amount of retained earnings of $22917.

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Drag the labels to their appropriate locations on the table below. Targets in Group 1 refer to the phenotypes, targets in Group 2 refer to the habitats, and targets in Group 3 refer to the effects.

Answers

The label match up are:

dark furmore individuals with darker fur dark rocks and light rocks dark fur and light fur rocks of intermediate color more individuals with intermediate fur color

What is a phenotype?

A person's Phenotype is known to be those detectable qualities or traits of their genotype.

Looking at the image, the label match up are:

dark furmore individuals with darker fur dark rocks and light rocks dark fur and light fur rocks of intermediate color more individuals with intermediate fur color

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Read the following Spanish verb. Then choose the primary body part involved in that activity. afeitarse a. las manos c. la boca b. la cara d. los dedos Please select the best answer from the choices provided A B C D

Answers

The primary body part involved in that activity is b. la cara

What is a Verb?

This refers to the part of speech that makes use of action words to show their function in a sentence.

Hence, we can see that based on the complete text, there is the narration of the activity in which the narrator is engaged and la cara is primarily used as the narrator touches her face often.

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A peer reports for work looking unkempt and disheveled. The peer's movements are uncoordinated, and the peer's breath smells of alcohol. Another nurse suspects this peer is intoxicated. Which action by the nurse who suspects that a peer is intoxicated would be most appropriate

Answers

The most appropriate action to be taken by the nurse is: Ask the peer if she feels alright and express concern; option B.

What does it mean to be intoxicated?

Intoxication refers to a state in which an individual is not mentally sober as a result of the effect of alcohol affecting and influencing his or her judgement.

An intoxicated person poses a danger to himself and others. Therefore, the nurse who suspects that the peer is intoxicated should ask questions to know how best to provide assistance to the person.

In conclusion, an intoxicated individual should be given medical assistance.

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Note that the complete question is given below:

A peer reports for work looking unkempt and disheveled. Her movements are uncoordinated, and her breath smells like mouthwash. Another nurse suspects this peer is intoxicated. What should be the action of the nurse who suspects that a peer is intoxicated?

A) Immediately call the supervisor to report the peer's behavior.

B) Ask the peer if she feels alright and express concern.

C) Give the peer some information about the hospital's employee assistance program.

D) Ignore the situation until someone else validates the observations.

Match the descriptions to the correct diseases to test your understanding of infections that affect the lower respiratory system.

Answers

The descriptions have been matched to the correct diseases that test our understanding of infections that affect the lower respiratory system as follows:

Diphtheria- Caused by Corynebacterium diphtheria which eventually results in pseudomembrane formation on the tonsils or pharynxOtitis Media- Most common cause is Streptococcus pneumonia and results in a sensation of fullness or pain in the earBacterial pharyngitis- Streptococcus pyogenes infection that results in a sore throat with reddened mucosa, swollen tonsils, and pus nodulesCommon cold- Caused by hundreds of viruses and results in sneezing, scratchy throat, and runny noseSinusitis- Caused by a number of bacteria and results in nasal congestion, pressure above the nose or in the forehead, and headacheWhat are lower respiratory tract diseases?

Lower respiratory tract diseases are diseases that affect the lower end of the respiratory tract. Some diseases that fall into this category are asthma, pneumonia, bronchitis, etc.

All of these affect the lungs and can also result in difficulty breathing, The various explanations of these diseases have been provided in detail above.

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This figure shows the interaction of groundwater with lakes, rivers, and other bodies of water on the surface. Drag the description of the relationship between groundwater and surface water to its correct position on the figure.

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The description of the relationship between groundwater and surface water to its correct position is given below;

Perched above the water table.Above the surface.Above or near the surface.Perched above the water table and underlain

What is ground water?

Ground water is known to be the water that is found underground in regards to saturated zones which is below the land surface.

Note that it is one that occupies the pores and fractures as seen in the underground materials such as sand, gravel, etc.

Hence, The description of the relationship between groundwater and surface water to its correct position is given below;

Perched above the water table.Above the surface.Above or near the surface.Perched above the water table and underlain

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The process of identifying the presence of something dental term

Answers

The process of identifying the presence of something like tooth decay in dental term is known as extraoral.

What is dentistry?

It should be noted that dentistry simply means dental medicine. It is the branch of science that deals with the study and the diagnosis of diseases that has to do with the teeth.

It should be noted that the process of identifying the presence of something like tooth decay in dental term is known as extraoral.

Therefore, based on the information given, the process of identifying the presence of something like tooth decay in dental terms is known as extraoral.

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challenges facing nursing profession 21st century

Answers

The challenges facing nursing profession in the 21st century are;

Nursing workforce shortages.

Negative affectivity.

Generation workforce concerns.

Changing delivery systems.

Increasing clinical practice complexity

What are the challenges of Nurses?

A nurse is defined as a person who has completed a program of basic, generalized nursing education and is authorized by the appropriate regulatory authority to practice nursing in his/her country.

Now, the roles of nurses are as follows;

Administering medications and treatments.Monitoring patients for side effects and reactions. Creating, implementing, and evaluating patient care plans with the medical team. Performing wound care, such as cleaning and bandaging them.

Now, in this 21st century, these nurses face a couple of challenges which includes;

Nursing workforce shortages.Negative affectivity.Generation workforce concerns.Changing delivery systems.Increasing clinical practice complexity

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The binding agent for tempera paint is ________. Group of answer choices

Answers

The binding agent for all tempera paints is egg.

What is a binder?

A binder can be defined as a substance that causes pigment particles to adhere (stick) to one another and remain attached to the surface of a painting.

In painting, eggs are generally used as the binding agent for all tempera paints.

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What is the probability that a daughter of this mating will be a hemophiliac

Answers

The genotypes of the parents are missing here but Hemophilia is inherited in an X-linked recessive mode.

What is Hemophilia?

Hemophilia is an inherited disease where blood does not clot due to the lack of essential protein.

Hemophilia is a genetically inherited X-linked recessive way, which means that both recessive alleles must be present in X chromosomes to express the phenotype in women.

In conclusion, the genotypes of the parents are missing here but Hemophilia is inherited in an X-linked recessive mode.

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A plan of dollar amounts to be spent on long-term projects is called a

Answers

A plan of dollar amounts to be spent on long-term projects is called a Capital Budget.

What Is Capital Budgeting?

Capital budgeting is known to be a form of a business doings that is often done to examine potential major projects or any form of an investments.

Note that before a person does any business, it is good that they have the budgeted amount of money they are willing to spend as it is important before going into the business.

Hence, A plan of dollar amounts to be spent on long-term projects is called a Capital Budget.

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Match the type of granulocyte in Column A with the description in Column B.

Answers

Basophil: Contain blue or purple cytoplasmic granules

Neutrophil: Contain lavender cytoplasmic granules

Eosinophil: Contain orange or red cytoplasmic granules

How to Identify granulocyte?

The items in column B on granulocytes are;

- Contain blue or purple cytoplasmic granules.

- Contain lavender cytoplasmic granules.

- Contain orange or red cytoplasmic granules.

The items in column A are;

- Basophil

- Neutrophil

- Eosinophil

Matching the correct terms in column A with their corresponding meanings in column B are as follows;

Basophil: Contain blue or purple cytoplasmic granules

Neutrophil: Contain lavender cytoplasmic granules

Eosinophil: Contain orange or red cytoplasmic granules

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As Texas politics continue to evolve in the 21st century, which of the following events contributes to younger generations increasingly moving away from the Republican Party in Texas

Answers

The contributes to younger generations in Texas increasingly moving away from the Republican Party in Texas was due to the  fight against the spread of slavery into American territories.

What led to the rise of the Republican Party?

In 1854, the Republican Party were seen to have risen to fight against the spread  of slavery into American territories when there was the passage of the Kansas–Nebraska Act.

Note that the early Republican Party is made up of northern Protestants, factory workers, professionals, businessmen, and others and as such, The contributes to younger generations in Texas increasingly moving away from the Republican Party in Texas was due to the  fight against the spread of slavery into American territories.

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A patient who has had multiple blood draws from the same vein may notice some inflammation in the area. This is referred to as:

Answers

A patient who has had multiple bloods draws from the same vein may notice some inflammation in the area. This is referred to as phlebitis. This is further explained below.

What is phlebitis?

Generally, vein wall inflammation also known as varicose veins.

In conclusion, A patient who has had blood drawn from the same vein several times may feel some irritation. Phlebitis is the medical term for this.

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Which of the following is not a standard data type used in SQL

Answers

The option that is not a standard data type used in SQL is Text; option C.

What is SQL?

SQL is an acronym for Structured Query Language.

SQL is a programming language which is domain specific and is  designed for working with data that are stored in a relational database management system.

Some standard data type used in SQL include:

IntegerNumericVarcharChar

In conclusion, SQL is used in managing data.

Note that the complete question is:

Which of the following is not a standard data type used in SQL?

Integer

Numeric

Text

Varchar

Char

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which of the statements below about the anatomical crown is not correct

Answers

The incorrect statement about the anatomical crown  is:

Changes over the tooth's lifetimeWhat is the anatomical crown?

The anatomical crown refers to the part of the tooth that is covered by enamel. The anatomical crown remains the same size over time even though the clinical crown can change in size.

It is not correct to say that the anatomical crown changes over the tooth's lifetime. The protective enamel surface of the anatomic crown serves as protection against bacteria.

It relies hugely on the tissues that surround it. The clinical crown depends on the gingiva's height. So we can also say that the anatomical crown is not independent of the gingiva.

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Options provided:

Enamel covered

Doesn't change over the tooth's lifetime

Independent of gingiva

If a cipher lock has a door delay option, what does that mean

Answers

If a cipher lock has a door delay option, it simply means that: A. after a door is open for a specific period, the alarm goes off.

What is a door?

A door can be defined as a solid material made of wood or metal, which is designed and developed to facilitate entrance and exit out of a building or other structures.

What is a cipher lock?

A cipher lock can be defined as a type of lock that is designed and developed to use a keypad, in order to prevent an unauthorized entrance or exit out of a building or other structures.

In Computer technology, if a cipher lock has a door delay option, it simply means that after a door is open for a specific period, the alarm goes off.

In conclusion, we can infer and logically deduce that a door can only be opened for a specific period when a cipher lock has a door delay option.

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Complete Question:

If a cipher lock has a door delay option, what does that mean?

A. After a door is open for a specific period, the alarm goes off.

B. It can only be opened during emergency situations.

C. It has a hostage alarm capability.

D. It has supervisory override capability.

Using Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D, complete the following table. (Round the discount factors to 3 decimal places and final answers to the nearest whole dollar.)

Answers

The investment value, the total amount of investment, and the total amount of earnings have been solved based on the information given.

How to illustrate the information?

It should be noted that the discount factor simply means a decimal number that's multiplied by a cash flow value to get the present value.

This is illustrated in the attached document and the earnings and investment are shown based on the computation.

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A nurse is teaching about the quadruple marker screen to a client who is pregnant. Which of the following information should the nurse include in the teaching

Answers

When giving information to a patient about the quadruple-marker screen, it is important that the uses and importance are explained to her.

What is a quadruple-marker screen?

This refers to the blood test which is given to expectant mothers in order to determine useful information regarding the pregnancy,

Hence, we can see that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.

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Key points in recovering a second stage using the sweep method include:

Answers

Key points in recovering a second stage using the sweep method include:

The Use of left hand to push up the bottom of your cylinder.

2: Then rest on the right hand and dip your right shoulder.

3: Lean towards your left and dip your left shoulder

Why is Sweep method used?

The sweep method is a technique used to remove bubbles or air out of the mouth.

A regulator is used in for this function.

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Other Questions
Which equation has no solution?O 1-x-31=5O 12x-11=0O15-3x = -8O|-x+91=0 A flat, circular, steel loop of radius 75 cm is at rest in a uniform magnetic field, as shown in an edge-on view in the figure (Figure 1). The field is changing with time, according to B(t)=(1.4T)e^(0.057s^1)t.a) Find the emf induced in the loop as a function of time (assume t is in seconds).b) When is the induced emf equal to 110 of its initial value?c) Find the direction of the current induced in the loop, as viewed from above the loop. The risk of getting lung cancer at some point in time in one's life for men who have never smoked is about 13 in 1000. The risk for men who smoke is just over 13 times the risk for non-smokers. What is the approximate lifetime risk of getting lung cancer for men who smoke According to various research studies, early-maturing girls are more likely to _____ than late-maturing girls. Suppose that a firm produces wooden train engines in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. When delivering disaster assistance for tribes the best approach is:________ In the tell tale heart, the narrator claims that his reason for murdering the old man was that the man's eye haunted him. What doesthe fact that the narrator wakes up every night at midnight with internal terror suggest about the cause of historment?i Suppose a aqueous solution of phosphoric acid () is prepared. Calculate the equilibrium molarity of . You'll find information on the properties of phosphoric acid in the ALEKS Data resource. The _____ sensitive a measure is, the _____ ability it has to detect a difference between the experimental and control group. There are x students in Mrs. Schwartz's third-grade class. One fewer than half the students have brown eyes. Six fewer children have blue eyes than have brown eyes. The rest of the students have green eyes. How many students have green eyes?F. 8E. 7G. x/2-7H. x - 8 No federal law enforcement agencies assisted in this particular investigation. Which statement below correctly identifies forfeiture law in this situation 2. How is modeling useful to scientists? The enthalpy of fusion for Al is 10.7 kJ/mol. What is the energy change when 30.8 g of Al solidifies at 660C? Classify the following alcohol as primary,secondary or tertiary.A. primaryB. secondaryC. tertiaryEnter If (x, 68, 85) form a Pythagorean Triple, what is the value of x? Name a pair of complementary angles in this figure.a protractor, with segment DEF along the bottom, EH point to the 55 degree on the left, EJ to 90 degrees, EK to the 30 degrees on the rightangles DEH and HEJangles DEH and DEJangles DEH and DEKangles DEF and DEH Which of the following is The function f(x)=2x21 is/hasA. order 2 rotational 2 symmetry about the originB. symmetry about the y-axisC. neither symmetric about the y-axis nor has order 2 rotational symmetry about the originD. odds a good way to get someone to participate in a group? A car is being tested on a track. The driver approaches the test section at a speed of 28 m s1. He then accelerates at a uniform rate between two markers separated by 100 m. The car reaches a speed of 41 m s1. what is development? What is the slope of the line that contains the points (9,-4) and (1,-5)?OA. 1OB.1/5O C.-1/8O D. -1