What effect will firms enteringentering have on the market price? when firms enterenter, a. market supply will increaseincrease, decreasingdecreasing price. b. market demand will decreasedecrease, decreasingdecreasing price. c. the average total cost of production will decreasedecrease, decreasingdecreasing price. d. market supply will increaseincrease, increasingincreasing price. e. the marginal cost of production will decreasedecrease, decreasingdecreasing price?

Emil motycka is considered an entrepreneur because

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500

Present values. the 2-year discount factor is .92. what is the present value of $1 to be received in year 2? what is the present value of $2,000? (lo5-2)