{"id":106322,"date":"2022-01-26T08:04:46","date_gmt":"2022-01-26T08:04:46","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106322"},"modified":"2022-01-26T08:04:46","modified_gmt":"2022-01-26T08:04:46","slug":"martha-is-one-producer-in-the-perfectly-competitive-jelly-industry","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/martha-is-one-producer-in-the-perfectly-competitive-jelly-industry\/","title":{"rendered":"Martha is one producer in the perfectly competitive jelly industry."},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>Martha is one producer in the perfectly competitive jelly industry. Last year, Martha and all of her competitors found themselves earning economic profits.<br \/>\n a. If entry and exit from the jelly industry are free, what do you expect to happen to the number of suppliers in the industry in the long run?<br \/>\n b. Because of the entry\/exit you described in part (a), what do you expect to happen to the industry supply of jelly? Explain.<br \/>\n c. As a result of the supply change you described in part (b), what do you expect to happen to the price of jelly? Why?<br \/>\n d. As a result of the price change you indicated in part (c), how will Martha adjust her output?<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nMartha is one producer in the perfectly competitive jelly industry. Last year, Martha and all of her competitors found themselves earning economic profits.<br \/>\n a. If entry and exit from the jelly industry are free, what do you expect to <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106322","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106322"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106322\/revisions"}],"predecessor-version":[{"id":106323,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106322\/revisions\/106323"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}