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Author Question: One reason that consumers and businesses might not act rationally is A) they may not realize ... (Read 97 times)

lunatika

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on: Jun 29, 2018
One reason that consumers and businesses might not act rationally is
 
  A) they may not realize their actions are inconsistent with their goals.
  B) they do not always value fairness when they make choices.
  C) it is difficult to obtain enough information about the elasticities of demand and supply.
  D) consumer tastes change constantly.

Question 2

Which of the following statements is true about monopolistically competitive firms?
 
  A) Like perfectly competitive firms, monopolistically competitive firms are not able to raise prices without losing all of their customers because they face competition from firms selling similar products.
  B) Unlike perfectly competitive firms, monopolistically competitive face perfectly inelastic demand curves.
  C) Like perfectly competitive firms, monopolistically competitive firms maximize their profits by setting price equal to marginal cost.
  D) Unlike perfectly competitive firms, monopolistically competitive firms are able to raise their prices without losing all of their customers.
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mcarey591

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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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lunatika

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
:D TYSM

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