This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A perfectly competitive firm has a. A perfectly elastic demand for its products b. A perfectly ... (Read 305 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Jul 1, 2018
A perfectly competitive firm has
 a. A perfectly elastic demand for its products
  b. A perfectly inelastic demand for its products
  c. A downward sloping demand for its products
  d. None of the above

Question 2

Katy is holding an English auction. If she estimates the values of her bidders to be 2, 4, 10, 15 and 25, she should expect to be able to make ____ off the auction
 a. Just above 10
  b. Just below 10
  c. Just above 15
  d. Just below 15


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


mspears3

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jul 1, 2018
Thank you :)


upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Competitive inhibition Competitive inhibition
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Examples of Generic Drugs Contained in Brand-Name Products Examples of Generic Drugs Contained in Brand-Name Products
Common Fluoride Products Common Fluoride Products
Gene products that are essential to mitochondrial function Gene products that are essential to mitochondrial function
Video: Exocytosis - secretion

For a complete list of videos, visit our video library