« previous next »

Author Question: If firms differentiate their products in different ways and charge different price because of these ... (Read 23 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If firms differentiate their products in different ways and charge different price because of these differentiation factors, then
 
  A) demand must be perfectly elastic. B) the law of one price is not violated.
  C) transactions costs are being ignored. D) the firm must not be maximizing profit.

Question 2

Refer to Figure 17-1. Suppose the market price of doilies rises to 3. What happens to the curve given in the diagram?
 
  A) There will be a movement along the curve.
  B) Nothing, because labor's productivity has not changed.
  C) The curve shifts to the right.
  D) We cannot answer the question without knowing if Dale would want to hire more workers.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into
Natural Products Natural Products
The two phases of glycolysis and the products of glycolysis The two phases of glycolysis and the products of glycolysis
Different ways to test hypotheses Different ways to test hypotheses
Consumption of animal products "استهلاك المنتجات الحيوانية" Consumption of animal products "استهلاك المنتجات الحيوانية"
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Mutations and translation

For a complete list of videos, visit our video library