--%>
Assignment Help - homework help

Short run in Substitution process

In the short run, simple and cheap new cures for cancer and heart disease would most likely decrease the: (i) Gains of tobacco companies. (ii) Absentee rates of nearly all young workers. (iii) Demands for the hospital beds in intensive care units. (iv) Supplies of doctors specializing in such diseases.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Explain an example of price

    A Ferris wheel operator at the county fair charges of $2 per ride. Individual seat is vacant on what will be the final ride of the day. He asks when you would like a ride for a dollar. It is an illustration of: (1) reservation pricing. (2) price discrimination. (3) as

    		•
  • Q : Definition of Corporate bonds I have a

    I have a problem in economics on Definition of Corporate bonds. Please help me in the following question. The corporate bonds are on an average, _____ than stocks to the investor and _____ then stocks to the issuing corporation. (1) Riskier; less of a risk (2) Riskier

    		•
  • Q : Free Trade Agreement Tell me the answer

    Tell me the answer of this question. Critics of the North American Free Trade Agreement (NAFTA) falsely feared that it would: A) increase the flow of illegal Mexican immigrants to the United States. B) cause the European Union and Japan to raise trade barriers against

    		•
  • Q : Inter-temporal Costs and Benefits

    Harvey is currently a Junior Analyst at a financial firm.  His annual salary is $30,000, and past experience leads him to believe that the real (inflation adjusted) value of his salary will remain at that level in the future.  (Assume he is paid at the end o

    		•
  • Q : Long run equilibrium for purely

    When a purely competitive industry is into long run equilibrium, in that case for the typical firm: (a) P = FC = TC = MC = MR = AR = AC. (b) P = AR = MR = SRMC = SRAC = LRMC = LRAC. (c) pure economic profits reward especially effectiv

    		•
  • Q : Income elasticity and inferior goods

    Raises in real income that causes the demands for: (i) inferior goods to shift upward and to the left. (ii) normal goods to shift upward and to the right. (iii) substitute goods to shift upward and to the right. (iv) complementary goods to decline mor

    		•
  • Q : A purely competitive industry long-run

    The long-run dynamics of purely competitive industry make sure that:( w) surviving firms make positive economic profits. (x) accounting profits will equal economic profits. (y) accounting profits will be zero. (z) economic profits will be zero. <

    		•
  • Q : Changes in Bonds and Interest Rates

    When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)

    		•
  • Q : Plans of buyers and sellers I have a

    I have a problem in economics on Plans of buyers and sellers. Please help me in the following question. The equilibrium price for the good is a price at which: (1) The plans of both sellers and buyers are realized. (2) Subjective prices merely offset

    		•
  • Q : Demand of various vegetable why demand

    why demand change of onion in during one week due to change in it's price?

    		•