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

Author Question: A dominant firm's residual demand curve is A) the horizontal difference between the market demand ... (Read 152 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
A dominant firm's residual demand curve is
 
  A) the horizontal difference between the market demand curve and the supply curve of the fringe firms.
  B) the vertical difference between the market demand curve and the supply curve of the fringe firms.
  C) the demand curve left for the fringe firms after the dominant firm has determined an output level.
  D) None of the above.

Question 2

Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at 0.20 per pound when 500 pounds are grown. The demand for potatoes is Q = 10,000/p. If the long-run supply curve is horizontal, then how many pounds of potatoes will be consumed in total?
 
  A) 0
  B) 500
  C) 10,000
  D) 50,000
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

An Inverted U Curve An Inverted U Curve
Difference between Functional and Cross-Functional team Difference between Functional and Cross-Functional team
Horizontal stroking of the abdomen. Place a hand on either side of the waist, fingers pointing away ... Horizontal stroking of the abdomen. Place a hand on either side of the waist, fingers pointing away ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Iraqi market Iraqi market
Video: Reflex arc construction

For a complete list of videos, visit our video library