1. Questions

Microeconomics

Suppose rampant fears of Mad Cow disease cause a decrease in demand for beef. What will be the short-run effects of the declining demand for beef on the firm and the market? What will be the long-run effects? Explain in words and graphs. ---Try this first assuming the beef industry is a constant cost industry. Then try it assuming the beef industry is an increasing cost industry.----


I will be happy to critique your thinking on this.

  1. 👍
  2. 👎
  3. 👁
Jarmisha

Respond to this Question

First Name

Your Response

Similar Questions

  1. AP Lit

    What is the significance of Mama remembering having been "hooked in the side by a cow in '49"? A. Like a cow, Mama has a strong spirit and is always ready for a fight. B. Like a cow is mild mannered, Mama is mild mannered and will

  2. Statistics

    Sickle cell anemia is a genetic blood disorder where red blood cells lose their flexibility and assume an abnormal, rigid, "sickle" shape, which results in a risk of various complications. If both parents are carriers of the

  3. Microecomonics (am i right..URGENT PLEASE)

    11. If an economy has to sacrifice increasing amounts of good X for each unit of good Y produced, then its production possibilities curve is: (Points: 3) bowed out from the origin. I PICKED THIS ONE bowed in toward the origin. a

  4. math

    calvin buys 3/5 pound of ground beef. he divides the beef into 6 equal portions. a)find the weight of 1 portion of beef. b)fin the weight of 4 portions of beef.

  1. Economics: Price Elasticity

    Please check my answers whether they are correct or not. If not, please help me why they are wrong. Thank you. Question 1: Point: A (300, 1000) Point B: (200, 1200) According to the midpoint method, the price elasticity of demand

  2. Macroeconomics

    (Supply and Demand) How do you think each of the following affected the world price of oil? (Use basic supply and demand analysis.) a. Tax credits were offered for expenditures on home insulation. b. The Alaskan oil pipeline was

  3. Social Studies

    How do labor unions affect the economy? They decrease demand by opposing low prices. They increase supply by keeping workers healthy*** They decrease supply by increasing worker wages They increase demand by ensuring ethical

  4. Microeconomics

    4. Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute for bread, we would expect the price of wheat to:

  1. economics

    Identify three goods each for which your demand is (a) elastic or (b) inelastic. What accounts for the differences in elasticity? Thank you for using the Jiskha Homework Help Forum. Let me help by explaining the difference between

  2. Math

    how did farmer john find his missing cow? How did the cow get over the block of hay?

  3. Science

    In order for a child to inherit a recessive genetic disease, like sickle cell anemia, healthy parents must both A. have the disease B. be homozygous for the mutated gene that causes the disease. C. be carries of the mutated gene

  4. Economics

    If the demand for loanable funds increases, what will happen to real interest rates and the international value of the U.S. dollar (USD)? Real Interest Rates / International Value of USD Increase / Increase*** Increase / Decrease

You can view more similar questions or ask a new question.