« previous next »

Author Question: Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then ... (Read 123 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then demand is
 
  A) completely inelastic.
  B) inelastic, but not completely.
  C) unit elastic.
  D) elastic, but not infinitely.

Question 2

What is the economies of scope character for a firm that has a straight-line product transformation curve?
 
  A) Economies of scope (SC > 0)
  B) Diseconomies of scope (SC < 0)
  C) SC = 0
  D) SC = 1


chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 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?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
A ring link network reduces the number of wires it takes to interconnect all of the modules. A ring link network reduces the number of wires it takes to interconnect all of the modules.
Thick-walled barrel-shaped arthrospores on thin glass like hyphae; the room-temperature form of ... Thick-walled barrel-shaped arthrospores on thin glass like hyphae; the room-temperature form of ...
Western boundary currents form where gyres are confined by continents Western boundary currents form where gyres are confined by continents
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
How mitosis maintains the chromosome number. How mitosis maintains the chromosome number.
Video: Retina

For a complete list of videos, visit our video library