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 108 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
Thanks for the timely response, appreciate it

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Alan Price - Poor People Alan Price - Poor People
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Economic objectives of firms Economic objectives of firms
Producing cDNA from mRNA Producing cDNA from mRNA
Iraqi market Iraqi market
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library