« previous next »

Author Question: William is a wheat farmer and wheat sells in a perfectly competitive market, with an equilibrium ... (Read 164 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
William is a wheat farmer and wheat sells in a perfectly competitive market, with an equilibrium price of 5 per bushel. Its marginal revenue:
 a. is greater than 5.
 b. is 5.
 c. is less than 5.
 d. cannot be determined from the above information.

Question 2

Rising income inequality is driven by:
 a. an increase in employment in the manufacturing sector of an economy.
  b. a progressive tax structure.
 c. a rising demand for unskilled, cheap labor.
 d. a technological advancement.
 e. a fall in capital's share of national income.


tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Wheat rust. Wheat rust.
Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
William Beebe William Beebe
Competitive inhibitor Competitive inhibitor
What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ... What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Coronary Heart Disease Animation

For a complete list of videos, visit our video library