This topic contains a solution. Click here to go to the answer

Author Question: The flatter the slope of the supply curve the lower will be the price elasticity of supply. ... (Read 126 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
The flatter the slope of the supply curve the lower will be the price elasticity of supply.
  Indicate whether the statement is true or false

Question 2

Suppose at a certain quantity of output, a firm's average-total-cost curve lies above its demand curve. At this quantity of output, the firm:
 a. is earning negative economic profit.
  b. is earning zero economic profit.
  c. is maximizing profit.
  d. should increase its output to maximize profit.
  e. should reduce output to maximize negative economic profit.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rnehls

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

F

Answer to Question 2

a




mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jun 30, 2018
Excellent


6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

For a complete list of videos, visit our video library