« previous next »

Author Question: In a competitive industry where different firms have different cost structures, the industry supply ... (Read 62 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?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Structures of the endocrine system. Structures of the endocrine system.
Image of Brain Structures Image of Brain Structures
Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
Structures of the external eye Structures of the external eye
Structures of the Human Eye Structures of the Human Eye
Cis-element regulatory structures in eukaryotes Cis-element regulatory structures in eukaryotes
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library