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

Author Question: If the supply of a factor is perfectly inelastic, then A) no more than the existing quantity can ... (Read 18 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
If the supply of a factor is perfectly inelastic, then
 
  A) no more than the existing quantity can be supplied.
  B) the supply curve is horizontal.
  C) sellers will provide whatever quantity is demanded at the going price.
  D) a fall in price results in no quantity being supplied.

Question 2

Jane spends her monthly dining-out budget of 300.00 on either steak or lobster dinners. Using the above figure, what is the price of a lobster dinner?
 
  A) 10.00
  B) 15.00
  C) 20.00
  D) 30.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


jeatrice

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Gracias!

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ
Blood supply to the pituitary gland Blood supply to the pituitary gland
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Alternative pathway recognition and activation. C3w is on the surface of the microbe; factor B binds ... Alternative pathway recognition and activation. C3w is on the surface of the microbe; factor B binds ...
The original Supply and Demand graph The original Supply and Demand graph
pRB Transcription Factor pRB Transcription Factor
Video: Leukemia

For a complete list of videos, visit our video library