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Author Question: Demand facing an individual, perfectly competitive firm is A) perfectly inelastic at the quantity ... (Read 73 times)

tingc95

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on: Jul 1, 2018
Demand facing an individual, perfectly competitive firm is
 
  A) perfectly inelastic at the quantity the firm chooses to produce.
  B) perfectly inelastic at the quantity determined by market forces.
  C) perfectly elastic at the price the firm chooses to charge.
  D) perfectly elastic at the price determined by market forces.

Question 2

Which of the following would be considered a contingent contract?
 
  A) a piece rate contract
  B) a profit-sharing contract
  C) a contact with a bonus
  D) All of the above.


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jasonq

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


tingc95

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
Wow, this really help

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