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 38 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
:D TYSM

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

This illustration shows the decibel level in various locations and associated with different ... This illustration shows the decibel level in various locations and associated with different ...
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Upper-Level Maps Upper-Level Maps
Main Hall, Trajan's Market Main Hall, Trajan's Market
The developed countries must reduce the level of greenhouse gas emissions The developed countries must reduce the level of greenhouse gas emissions
14 June 2023 14 June 2023
Video: Knee Animation

For a complete list of videos, visit our video library