« previous next »

Author Question: In a competitive industry where different firms have different cost structures, the industry supply ... (Read 49 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
In a competitive industry where different firms have different cost structures, the industry supply curve is:
 
  A) upward sloping.
  B) downward sloping.
  C) vertical.
  D) horizontal.

Question 2

Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If it is discovered that wapanzo beans help prevent cancer, then supply will ________ and demand will ________.
 
  A) become case C; become case 1
  B) become case C; stay at case 2
  C) stay at case B; become case 1
  D) become case A; become case 1


jxjsniuniu

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 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?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

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?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Olfactory structures in the human nose. Olfactory structures in the human nose.
Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes
Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mu Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mu
Four Brain Structures with High Myelination in Early Childhood Four Brain Structures with High Myelination in Early Childhood
hindbrain and midbrain structures hindbrain and midbrain structures
Chemical structures and designations of the 20 amino acids Chemical structures and designations of the 20 amino acids
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library