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Category > Management Posted 24 Apr 2017 My Price 2.00

Support or refute the following: “In the long run the firm’s producer surplus and profits will be equal.”

Support or refute the following: “In the long run the firm’s producer surplus and profits will be equal.”

 

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Status NEW Posted 24 Apr 2017 05:04 AM My Price 2.00

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file 1493011480-Answer.docx preview (71 words )
S-----------upp-----------ort----------- or----------- re-----------fut-----------e t-----------he -----------fol-----------low-----------ing-----------: -----------I-----------n t-----------he -----------lon-----------g r-----------un -----------the----------- fi-----------rm-----------s----------- pr-----------odu-----------cer----------- su-----------rpl-----------us -----------and----------- pr-----------ofi-----------ts -----------wil-----------l b-----------e e-----------qua-----------l.----------- ----------- An-----------swe-----------r -----------In -----------the----------- lo-----------ng -----------run----------- th-----------e f-----------irm-----------’-----------s p-----------rod-----------uce-----------r s-----------urp-----------lus----------- an-----------d p-----------rof-----------its----------- wi-----------ll -----------be -----------not----------- eq-----------ual----------- be-----------cau-----------se -----------in -----------the----------- lo-----------ng -----------run----------- wh-----------en -----------pri-----------ce -----------fal-----------l t-----------ota-----------l r-----------eve-----------nue----------- wi-----------ll -----------be -----------adj-----------ust-----------ed -----------wit-----------h t-----------he -----------var-----------iab-----------le -----------cos-----------t. -----------So -----------tha-----------t s-----------urp-----------lus----------- mo-----------ney----------- ne-----------ed -----------to -----------be -----------spe-----------nd -----------the----------- bu-----------sin-----------ess----------- an-----------d t-----------his----------- ma-----------ke -----------pro-----------fit----------- bi-----------t l-----------owe-----------r f-----------rom----------- su-----------rpl-----------us -----------and----------- re-----------tan-----------tio-----------n r-----------ati-----------o t-----------ake----------- pl-----------ace-----------. -----------
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