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

Author Question: In a perfectly competitive market with 100 identical firms producing at market price p1 A) the ... (Read 73 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jul 1, 2018
In a perfectly competitive market with 100 identical firms producing at market price p1
 
  A) the supply curve is flatter than if there were only 50 identical firms.
  B) the supply curve is more elastic than if there were only 50 identical firms.
  C) the firms have identical marginal costs.
  D) All of the above.

Question 2

An automobile manufacturer is trying to make decisions about using more workers or more equipment. This belongs to the trade-off
 
  A) Which goods and services to produce.
  B) How to produce.
  C) Who gets the goods and services.
  D) Who produces the goods and services.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


biggirl4568

  • Member
  • Posts: 551
Reply 2 on: Jul 1, 2018
:D TYSM

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
Identical Twin Identical Twin
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
The purpose of mitosis is to take diploid cells and make two identical clones. A shows a simplified The purpose of mitosis is to take diploid cells and make two identical clones. A shows a simplified
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library