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Author Question: Dominic sells pizza slices for $5 on the Santa Monica Pier. He currently sells 500 slices of pizza ... (Read 507 times)

hbsimmons88

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on: Apr 19, 2019

Question 1

The ________ part of a perfectly competitive firm's marginal cost curve is the firm's short-run supply curve.


◦ rising
◦ falling
◦ horizontal
◦ backward-bending

Question 2

Dominic sells pizza slices for $5 on the Santa Monica Pier. He currently sells 500 slices of pizza per day.This is a perfectly competitive business, and Dominic faces a perfectly price elastic demand curve. If he wants to try to increase daily revenues to $3,000, he should


◦ raise the price of his pizza to $6 per slice and continue to sell 500 slices per day.
◦ lower the price of his pizza to $4 per slice and try to sell 750 slices per day.
◦ keep the price at $5 per slice and produce 600 slices per day.
◦ do nothing since he can do nothing to increase revenue.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by hbsimmons88 on Apr 19, 2019

wfdfwc23

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Reply #1 on: Apr 19, 2019
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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Jason Watson

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Reply #2 on: Jun 25, 2021
thankyou


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