« previous next »

Author Question: A Midwestern wheat farmer faces a horizontal demand curve because a. it is so large relative to the ... (Read 11 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
A Midwestern wheat farmer faces a horizontal demand curve because
 a. it is so large relative to the market as a whole that it has no impact on market price
  b. it is so small relative to the market as a whole that it has no impact on market price
  c. it produces a good for which there are no substitutes
  d. it produces a good for which there are no complements
  e. it produces a good that no other firm in the industry produces

Question 2

A price searcher is any firm that has no control over price and must accept the market price as given.
 a. True
  b. False


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

fbq8i

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jun 30, 2018
Correct answers!


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal
Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes. Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes.
An Inverted U Curve An Inverted U Curve
Vertical and Horizontal Changes in Pressure Vertical and Horizontal Changes in Pressure
Stretching the shoulder muscles with arm in horizontal flexion. Stretching the shoulder muscles with arm in horizontal flexion.
Astronaut Rachel leaves Earth in a spaceship at a speed of 0.960c relative to an observer on ... Astronaut Rachel leaves Earth in a spaceship at a speed of 0.960c relative to an observer on ...
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library