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

Author Question: The long-run supply curve for a competitive constant-cost industry is: a. horizontal. b. vertical. ... (Read 72 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
The long-run supply curve for a competitive constant-cost industry is:
 a. horizontal.
  b. vertical.
  c. upward-sloping.
  d. downward-sloping.

Question 2

What term do economists use to refer to the satisfaction that an individual expects to receive from consuming a good or service?
 a. Utility.
  b. Response.
  c. Usability.
  d. Demand.
  e. Desirable.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

a

Answer to Question 2

a




bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Wow, this really help


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

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

For a complete list of videos, visit our video library