In the long run when a perfectly competitive firm experiences positive economic profits, select one: a. firms exit the industry, the market supply curve shifts rightward, and the market price falls. b. firms enter the industry, the market supply curve shifts rightward, and the market price rises. c. firms enter the industry, the market supply curve shifts rightward, and the market price falls. d. firms exit the industry, the market supply curve shifts leftward, and the market price rises.

Select the correct answers. mila is at a flea market. she has $50 in her wallet. she decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a t-shirt, and $10 on something to eat. she likes a one-of-a-kind t-shirt, but the seller is not ready to sell it for less than $8. she thinks of five ways to deal with this situation. which two choices indicate a trade-off?

Increases in output and increases in the inflation rate have been linked to

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.