Which of the following transactions represents the purchase of a final good? a. your father buys a new john deere riding lawn mower. b. the purchase of coffee beans by starbucks. c. apple computer buys computer processors from intel. d. delta buys a new europeanminusmade jetliner.

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.