A perfectly elastic demand curve will: a. be a vertical straight ...

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A perfectly elastic demand curve will:
 a. be a vertical straight line.
  b. be a downward sloping straight line.
  c. be a horizontal straight line.
  d. be an upward sloping straight line.

Question 2

A firm's accounting profit does not include its:
 a. explicit costs.
  b. sunk costs.
  c. fixed costs.
  d. opportunity costs.
  e. variable costs.

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Answer to Question 1

C

Answer to Question 2

d

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Excellent

[6ana001]

Thanks for the timely response, appreciate it