Engineering, 07.11.2019 07:31 hollie52
"if firms in a monopolistically competitive industry are earning economic profits, new firms will enter the industry. eventually, the representative firm will find its demand curve has shifted to the left, until it is just tangent to its average cost curve and it is earning zero profit. because firms are earning zero profit at that point, some firms will leave the industry, and the representative firm will find its demand curve will shift to the right. in long-run equilibrium, price will be above average total cost by just enough so that each firm is just breaking even." is the analysis correct or incorrect?
Answers: 2
Engineering, 03.07.2019 14:10
Line joining liquid phase with liquid and solid phase mixture is known as: a) liquidus b) solidus c) tie line d) none of the mentioned
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Engineering, 04.07.2019 18:10
Fluids at rest possess no flow energy. a)- true b)- false
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Engineering, 04.07.2019 18:10
Hydraulic fluid with a sg. of 0.78 is flowing through a 1.5 in. i.d. pipe at 58 gal/min. the fluid has an absolute viscosity of 11.8 x 105 lbf-sec/ft2. is the flow laminar, turbulent or within the critical range? give both a numerical reynolds number and a term answer.
Answers: 3
Engineering, 04.07.2019 18:10
Which from the following instrument is commonly used to detect the high pitch butzing sound in bearings? [clo4] a)-digital ultrasonic meter b)-infrared camera c)-spectroscopic d)-vibrometer
Answers: 2
"if firms in a monopolistically competitive industry are earning economic profits, new firms will en...
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