« previous next »

Author Question: Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then ... (Read 55 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then demand is
 
  A) completely inelastic.
  B) inelastic, but not completely.
  C) unit elastic.
  D) elastic, but not infinitely.

Question 2

What is the economies of scope character for a firm that has a straight-line product transformation curve?
 
  A) Economies of scope (SC > 0)
  B) Diseconomies of scope (SC < 0)
  C) SC = 0
  D) SC = 1


chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Polar bears feed upon a number of marine mammals. They are currently at the centre of international Polar bears feed upon a number of marine mammals. They are currently at the centre of international
CMS-1500 (02/12) claim form. CMS-1500 (02/12) claim form.
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Bacteria growth curve Bacteria growth curve
What is the pKa and general acid strength of formic acid if its conjugate base form has a pKb ... What is the pKa and general acid strength of formic acid if its conjugate base form has a pKb ...
The pods of the amphidiploid form of Gossypium The pods of the amphidiploid form of Gossypium
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library