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Author Question: In a perfectly competitive industry (where firms are price takers), the market demand curve is (Read 52 times)

sdfghj

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on: May 25, 2020

Question 1

If a firm does NOT include the cost of previously unused resources when calculating the cost of a good or service it is said to have ignored
◦ opportunity costs.
◦ explicit costs.
◦ implicit costs.
◦ marginal costs.

Question 2

In a perfectly competitive industry (where firms are price takers), the market demand curve is
◦ perfectly elastic.
◦ downward sloping.
◦ upward sloping.
◦ perfectly inelastic.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by sdfghj on May 25, 2020

ultraflyy23

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Reply #1 on: May 25, 2020
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.
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sdfghj

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

T4T

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Reply 3 on: Yesterday
Excellent

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