Essay
Day care is provided by a competitive constant-cost industry at a price of $40 per child per day.The government wants to increase the availability of day care and thus chooses to build and operate 50 new day care centers across the nation.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: For a competitive firm,marginal revenue is constant
Q24: A competitive firm's long-run supply curve is<br>A)
Q25: For a competitive firm with a downward
Q26: If the market price is currently above
Q27: An industry's output is produced at the
Q29: Suppose that the sub sandwich business is
Q30: As long as profits remain positive,a firm
Q31: Sunk costs cannot affect a firm's short-run
Q32: In a long-run competitive equilibrium,both more efficient
Q33: A competitive firm will exit an industry