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

Author Question: Which of the following helps explain why the law of supply exists? (Read 109 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: May 24, 2019
Which of the following helps explain why the law of supply exists?
◦ Larger outputs result in lower costs of production.
◦ The law of increasing opportunity cost
◦ The costs of production remain constant throughout all levels of output.
◦ Sellers realize that if the price increases, they make larger profits and do not need to change their production.
◦ The law of demand
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by storky111 on May 24, 2019

SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


storky111

  • Member
  • Posts: 561
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

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.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Coronary stent. Illustration of an angiogram revealing a coronary stent, which helps prevent closure Coronary stent. Illustration of an angiogram revealing a coronary stent, which helps prevent closure
A medical assistant helps the physician with a patient. A medical assistant helps the physician with a patient.
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Genetics of Cancer

For a complete list of videos, visit our video library