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

Author Question: A perfectly elastic demand curve a. Is a horizontal line parallel to the x axis b. Has an ... (Read 85 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
A perfectly elastic demand curve
 a. Is a horizontal line parallel to the x axis
 b. Has an elasticity of demand between 0 and 1
 c. Is the demand curve of a product that usually has no substitutes
  d. None of the above

Question 2

Does the Nash equilibrium yield maximum profit?
 a. Yes, because they are each getting the maximum payoff
  b. No, because they could do better by pricing high
 c. Yes, because they are both making sales
 d. No, because they both hate selling ice cream


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


melina_rosy

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Gracias!

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

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.

Physical therapist assisting a patient to walk in the parallel bars. Physical therapist assisting a patient to walk in the parallel bars.
Spectral Line Motion in Binary Star Systems Spectral Line Motion in Binary Star Systems
Oxygen dissociation curve Oxygen dissociation curve
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library