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Author Question: An individual seller in perfect competition will not sell at a price lower than the market price ... (Read 91 times)

haleyc112

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on: Jun 29, 2018
An individual seller in perfect competition will not sell at a price lower than the market price because
 
  A) the seller can sell any quantity she wants at the prevailing market price.
  B) demand for the product will exceed supply.
  C) the seller would start a price war.
  D) demand is perfectly inelastic.

Question 2

Refer to Table 10-2. Holding prices constant, when Keira's income changed from 18 to 23, what happens to her total utility and to the marginal utilities of the last cup of soup and the last sandwich purchased?
 
  A) Her total utility and the marginal utility of the last sandwich consumed increase but marginal utility of the last cup of soup consumed decreases.
  B) Her total utility and the marginal utility of the last cup of soup consumed increase but marginal utility of the last sandwich consumed decreases.
  C) Her total utility decreases but the marginal utilities of the last cup of soup and the last sandwich consumed increase.
  D) Her total utility, the marginal utility of the last cup of soup consumed, and the marginal utility of the last sandwich consumed all increase.
  E) Her total utility increases but the marginal utilities of the last cup of soup and the last sandwich consumed decrease.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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courtney_bruh

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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haleyc112

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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