34. Short-run supply and long-run equilibrium Consider the competitive market for titanium. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. 051015202530354045501009080706050403020100COSTS (Dollars per pound)QUANTITY (Thousands of pounds)MCATCAVC The following diagram shows the market demand for titanium. Use the orange points (square symbol) to plot the initial short-run industry supply curve when there are 20 firms in the market. (Hint: You can disregard the portion of the supply curve that corresponds to prices where there is no output since this is the industry supply curve.) Next, use the purple points (diamond symbol) to plot the short-run industry supply curve when there are 30 firms. Finally, use the green points (triangle symbol) to plot the short-run industry supply curve when there are 40 firms. Supply (20 firms)Supply (30 firms)Supply (40 firms)01252503755006257508751000112512501009080706050403020100PRICE (Dollars per pound)QUANTITY (Thousands of pounds)Demand If there were 20 firms in this market, the short-run equilibrium price of titanium would be per pound. At that price, firms in this industry would . Therefore, in the long run, firms would the titanium market. Because you know that competitive firms earn economic profit in the long run, you know the long-run equilibrium price must be per pound. From the graph, you can see that this means there will be firms operating in the titanium industry in long-run equilibrium. True or False: Each of the firms operating in this industry in the long run earns positive accounting profit. True False

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "TRUE." From the graph, you can see that this means there will be firms operating in the titanium industry in long-run equilibrium.

The right answer for the question that is being asked and shown above is that: "TRUE." Each of the firms operating in this industry in the long run earns positive accounting profit. True False

Answer 2

Answer:

Output increases B.) According to endenuity

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Form 1040EZ is used by individuals who do not claim a lot of deductions. a. True
b. False

Answers

Answer:

True

Explanation:

Form 1040EZ is a short version of the 1040 form to file the income tax return. This form is used by people with a simple tax situation that have an income of less than $100,000 and have no dependents. Also, this form only have a few deductions available and because of this it is true that it is used by individuals who do not claim a lot of deductions.

True. Form 1040EZ is called the short form.

Suppose your bank honors a check for which you don't have sufficient funds in your checking account. This action means that you've arranged beforehand for a/an A. installment loan.
B. mortgage loan.
C. personal loan.
D. overdraft loan

Answers

D. OVERDRAFT LOAN.

An overdraft loan is an granted by the bank when the check you issued is not covered by the amount in your account. The bank will honor your check but you have to pay them the difference as well as the interest that accompanies the granting of the overdraft loan.

It is better to have this arrangement with your bank rather than have the bank not honor your check and return the check to the depositor with the reason insufficient funds. Accounts with more than three bouncing checks will automatically be closed by the bank.

According to _____, an employee may not be fired because he or she refuses to commit an illegal act, such as perjury or price fixing. lifestyle discriminate social learning theory public policy exception retaliatory discharge

Answers

The right answer for the question that is being asked and shown above is that: discriminate social learning theory." According to discriminate social learning theory, employee may not be fired because he or she refuses to commit an illegal act, such as perjury or price fixing.

Here are the choices:
lifestylediscriminate social learning theory
public policy
exception retaliatory discharge

Which is an example of a document that needs to be saved for financial planning?a. Car expenses
b. Credit card receipt
c. ATM record
d. Grocery store receipt

Answers

The right answer for the question that is being asked and shown above is that: "d. Grocery store receipt." an example of a document that needs to be saved for financial planning is that of a Grocery store receipt.

A current trend in management is to include ______ in the strategic planning process. Group of answer choices customers and suppliers competitors and customers shareholders and suppliers government and competitors

Answers

Answer:

A current trend in management is to include customers and suppliers in the strategic planning process.

Explanation:

The process of involving the customers is called co-creation and is a popular business practice nowadays. E.G. The use of social media for naming the most recent album of a band.

2. the forex markets are different kinds of markets where customers are connected globally. elaborate.

Answers

It means that the currency that exist in forex market could be either sold or bought by anyone around the world.

for example ,

I live in United states. But through forex market, i could easily buy or sell Yen currency, which is used in Japan

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