The market for gojl berries is perfectly competitive. Recently, demand for gojl

Question

The market for gojl berries is perfectly competitive. Recently, demand for gojl berries has increased because they are the lstest superfood craze. In the short run, the Increase in demand will cause price and pront to...in the goj berry market. In the long run, the number of frms w decrease: decrease Increase, increase decrease, increase increase; decrease Question 9 4 pts Dellah's Daisies is a flower shop eperating in the perfectly compeetive hlower Industry. Deliliah's chooses the optinal quantity of bouquets to sell by seesing marginal revenue equal to marginal cost, which occurs when the quantity of bones is ?0. Deala, average variable costs are $8 and average fied costs re $10. "the price of a bosOat is $15. weut strategy is both feasible and eetini Deilhinthe shot nan? Shut down and pay fwed costs Shut down and make so proft Operate with a loss Operate with a profe D Question 10 4 pts Usted in the table are the long-fun tocal costs for three different firms at different levels of output (quantity, Which form is experiencing diseconomies of scale? Quantity im A Total m B Total 16 Firm A Firm B Firm C

Explanation / Answer

a) As the demand has increased the firms in the market will get profit in the short run and it will increase the number of firms in the market in the long run. the answer is "B".

b) "C"

As the price is $15 and the cost is $18 out of which the variable cost is just $10 she can operate in the short run.  

c) Firm A the answer is "A".

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