This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A perfectly competitive industry must have a perfectly elastic long-run supply curve. a. True b. ... (Read 156 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
A perfectly competitive industry must have a perfectly elastic long-run supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

On Thanksgiving, Jake's mother gives him a huge platter of food. If Jake were to keep eating just to please his mother (even when he really wanted to stop), his marginal utility would be:
 a. the same as his total utility.
  b. large.
  c. minus one.
  d. positive.
  e. negative.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

e


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Wow, this really help

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
The features found in a long bone. The features found in a long bone.
Natural Resources and Industry Natural Resources and Industry
The Kuznets Curve The Kuznets Curve
The original Supply and Demand graph The original Supply and Demand graph
The Oil Industry: BOEM iron triangle The Oil Industry: BOEM iron triangle
Video: Bone Healing Animation

For a complete list of videos, visit our video library