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Author Question: For baseball card collectors, Babe Ruth baseball cards from 1927 would most likely have a perfectly ... (Read 123 times)

darbym82

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on: Jun 29, 2018
For baseball card collectors, Babe Ruth baseball cards from 1927 would most likely have a perfectly
 
  A) inelastic demand.
  B) inelastic supply.
  C) elastic demand.
  D) elastic supply.

Question 2

Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is 15, how much economic profit does the firm make?
 
  A) 0
  B) 30
  C) -10
  D) -15


Liddy

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

B

Answer to Question 2

A


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