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

Author Question: Of the following, demand is likely to be the most elastic for A) food. B) cars. C) Sony Blu-ray ... (Read 63 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Of the following, demand is likely to be the most elastic for
 
  A) food.
  B) cars.
  C) Sony Blu-ray players.
  D) personal computers.

Question 2

A perfectly competitive firm maximizes its economic profit when it produces the quantity that sets
 
  A) MR = MC.
  B) TR = TC.
  C) MC =.AVC.
  D) MC = ATC.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


vicotolentino

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

The catabolism of various molecules from food. The catabolism of various molecules from food.
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Organization of the Food and Drug Administration showing the seven centers that regulate human and ... Organization of the Food and Drug Administration showing the seven centers that regulate human and ...
Read Food Labels to Lower Saturated and Trans Fat Intake Read Food Labels to Lower Saturated and Trans Fat Intake
Spectrum of Food Security Food insecurity and hunger are points along the continuum Spectrum of Food Security Food insecurity and hunger are points along the continuum
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library