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Author Question: The supply of lettuce in the short run will be ________ than the supply in the long run and ________ ... (Read 161 times)

renzo156

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on: Jun 29, 2018
The supply of lettuce in the short run will be ________ than the supply in the long run and ________ than the supply today.
 
  A) more elastic; less elastic
  B) more elastic; more elastic
  C) less elastic; more elastic
  D) less elastic; less elastic

Question 2

The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is 200 and workers cost 10 per hour. The average variable cost of producing 10 baseball hats per hour is
 
  A) 1.
  B) 2.
  C) 20.
  D) More information is needed to answer the question.


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elyse44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


renzo156

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Reply #2 on: Jun 29, 2018
Thank you :)


elyse44

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Reply #3 on: Jun 29, 2018
Happy to help you


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