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

Author Question: How do speculators provide a more rational guide to production and consumption decisions compared to ... (Read 72 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
How do speculators provide a more rational guide to production and consumption decisions compared to markets?

Question 2

A perfectly competitive firm cannot affect the market price by raising or reducing its supply of a product.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

The price level which results from speculation reflects both the present and the future price of the commodity. It is thus considered a more useful guide to rational consumption and an accurate measure of scarcity.

Answer to Question 2

True


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Wow, this really help

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Lucy’s Body Weight Proportions Compared to a Bonobo Lucy’s Body Weight Proportions Compared to a Bonobo
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library