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What would happen if there was an increase in the number of firms?
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∙ 12y ago
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∙ 11y ago
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Would most likely happen if the number of shrimp increase?
the plankton population would decrease
What would happen to supply if demand when up?
supply will increase.
Explain the process that drives the economic profit to zero in the long run for a perfectly competitive firm?
In perfectly competitive markets, economic profits are zero in the long run because firms are able to enter and exit the market. If firms in a perfectly competitive market are profitable, there would be an incentive for new firms to enter. Supply would increase, causing an increase in quantity and the price to be driven back down to equilibrium: NO PROFIT! If firms in a perfectly competitive market are suffering a loss, some firms would choose to exit the market. Supply would decrease, causing a decrease in quantity and the price to be driven back up to equilibrium: NO PROFIT!
What would happen to 9 the demand curve for crayons if there was an increase in the price of markers?
The quantity demanded would increase at all prices due to it being a cheaper substitute for markers
What would happen in the for a good if demand increase and supply decreases?
In the short run, there would be oversupply.
Would most likely happen if the number of shrimp decreased?
The plankton population would increase
Would most likely happen if the number of shrimp increase?
the plankton population would decrease
What would happen if the highest number were increased what would be the effect on the median and mean?
The median would not change, but the mean would increase.
What will happen to salinity if the depth of the ocean increases?
There are a number of things that could happen to the salinity of an ocean if it's depth increased. The salinity would likely also increase.
What would most likely happen if the number of shrimp decreases?
people would kill each other the plankton population would increase
What would happen if the number of meat-eating fish decreased?
if scientists want to solve an environment problem, they are most likely to use ___.
If the number of producers increase what would happen to the consumers?
there will be an increase in total and market supply, therefore allowing a greater choice to the consumer; that is - you will a greater range of products to choose from! :)
What would happen to the dissolving rate of sugar in tea if you increase the temperature of the liquid?
It would increase.
If the worlds resources were to magically increase 100 fold what would happen?
If all the world's resources were to magically increase 100 fold what would happen?
What would happen if the sun increase in size?
we would die
What would happen if the length of wire increase what happens to the capacitance?
capacitance also increase
Why do firms experience increasing marginal returns and then diminishing marginal returns?
The short answer would be supply and demand. As demand for the firms increase, they will experience increasing returns. Likewise, as demand decreases, so do their returns.
