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

Author Question: The market supply curve for any product: a. always depends on the market demand for that product. ... (Read 62 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
The market supply curve for any product:
 a. always depends on the market demand for that product.
  b. depends on the general income level of the consumers in the market.
  c. is a summation of individual firms' supply curves.
  d. equals the total revenue generated through sale of the commodity.
  e. is affected by the prices of related products.

Question 2

An economy is producing two goods, ice cream and cookies, and is currently operating efficiently. This economy can produce more cookies if:
 a. it increases the price of ice cream.
 b. it increases the price of cookies.
 c. more of the economy's resources become idle.
  d. it produces less ice cream.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


audie

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
:D TYSM

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Titration curve for aspartic acid Titration curve for aspartic acid
Who Oversees the Food Supply? Who Oversees the Food Supply?
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library