« previous next »

Author Question: Both individual buyers and sellers in perfect competition A) can influence the market price by ... (Read 74 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
Both individual buyers and sellers in perfect competition
 
  A) can influence the market price by their own individual actions.
  B) can influence the market price by joining with a few of their competitors.
  C) have the market price dictated to them by government.
  D) have to take the market price as a given.

Question 2

Refer to Table 13-1. What portion of the marginal revenue of the 4th unit is due to the output effect and what portion is due to the price effect?
 
  A) output effect = -0.50; price effect = 5.00 B) output effect = 24.00; price effect = 19.50
  C) output effect = 6.00; price effect = -1.50 D) output effect = 6.50; price effect = 2.00


Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

A tail from a different individual - the tail of each humpback whale is visibly unique. A tail from a different individual - the tail of each humpback whale is visibly unique.
Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ... Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ...
Hematopoiesis: Blood cells are formed from stem cells under the influence of hormones such as ... Hematopoiesis: Blood cells are formed from stem cells under the influence of hormones such as ...
Three factors that influence the distribution of Na+ and K+ ions across the neural membrane. Three factors that influence the distribution of Na+ and K+ ions across the neural membrane.
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library