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Author Question: At the profit-maximizing level of output, demand is A) completely inelastic. B) inelastic, but ... (Read 157 times)

saliriagwu

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on: Jul 1, 2018
At the profit-maximizing level of output, demand is
 
  A) completely inelastic.
  B) inelastic, but not completely inelastic.
  C) unit elastic.
  D) elastic, but not infinitely elastic.
  E) infinitely elastic.

Question 2

Refer to Scenario 17.4. If there is no flood insurance and no flood control system is in place, the expected loss from a flood is
 
  A) 5,000.
  B) 10,000.
  C) 100,000.
  D) 200,000.
  E) 1,000,000.


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mjbamaung

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


saliriagwu

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Reply #2 on: Jul 1, 2018
Correct answers!


mjbamaung

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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