« previous next »

Author Question: When the marginal revenue curve intersects the horizontal axis A) demand is relatively elastic. ... (Read 60 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jul 1, 2018
When the marginal revenue curve intersects the horizontal axis
 
  A) demand is relatively elastic.
  B) demand is relatively inelastic.
  C) demand is perfectly elastic.
  D) demand is unitary elastic.

Question 2

The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes 350 per month as the legal maximum rent, the consumer's net gain in surplus equals
 
  A) c - f.
  B) b - f.
  C) d - f.
  D) The answer cannot be determined from the information given.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


qytan

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

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?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Titration Curve Titration Curve
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Titration curve for aspartic acid Titration curve for aspartic acid
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Stages of Mitosis - Prophase, Prometaphase, Metaphase, Anaphase & Telophase

For a complete list of videos, visit our video library