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

Author Question: In the market for potatoes, where price level reaches its low in October and its peak in June, ... (Read 31 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
In the market for potatoes, where price level reaches its low in October and its peak in June, speculators help to:
 a. keep the equilibrium price uniform over the year.
  b. lower the level of consumption in June.
  c. lower the level of consumption in October.
  d. keep the equilibrium price level low over the year.

Question 2

Suppose that Megabucks Corporation is earning an economic profit of 4,000 through the sale of a product. If the price of the product is 6 per unit and its ATC is 4 per unit, Megabucks must be producing 8,000 units.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

False


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

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.

Respiratory Assistive Devices, Peak Flow Meter Respiratory Assistive Devices, Peak Flow Meter
The spectrum generated (b) is a family of peaks, with each successive peak The spectrum generated (b) is a family of peaks, with each successive peak
Entry level nurse competencies Entry level nurse competencies
Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
14 June 2023 14 June 2023
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library