This topic contains a solution. Click here to go to the answer

Author Question: The Jeans Store sells 7 pairs of jeans per day when it charges 100 per pair. It sells 8 pairs of ... (Read 66 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
The Jeans Store sells 7 pairs of jeans per day when it charges 100 per pair. It sells 8 pairs of jeans per day at a price of 90 per pair. The marginal revenue of the eighth pair of jeans is
 
  A) 20. B) 90. C) 100. D) 700.

Question 2

Which of the following describes the difference between the market demand curve for a perfectly competitive industry and the demand curve for a firm in this industry?
 
  A) The market demand curve is downward sloping; the firm's demand curve is a vertical line.
  B) The market demand curve is downward sloping; the firm's demand curve is a horizontal line.
  C) The market demand curve is a horizontal line; the firm's demand curve is downward sloping.
  D) The market demand curve can not have a constant slope; the firm's demand curve has a slope equal to zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shayla

  • Sr. Member
  • ****
  • Posts: 323
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 29% of students answer this correctly





 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library