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

Author Question: Of the following, demand is likely to be the most elastic for A) food. B) cars. C) Sony Blu-ray ... (Read 80 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Of the following, demand is likely to be the most elastic for
 
  A) food.
  B) cars.
  C) Sony Blu-ray players.
  D) personal computers.

Question 2

A perfectly competitive firm maximizes its economic profit when it produces the quantity that sets
 
  A) MR = MC.
  B) TR = TC.
  C) MC =.AVC.
  D) MC = ATC.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


vicotolentino

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
:D TYSM

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

This moose exploits the twigs and buds of woody plants for the food it needs to survive a cold north This moose exploits the twigs and buds of woody plants for the food it needs to survive a cold north
The catabolism of various molecules from food. The catabolism of various molecules from food.
Gross food? Or an American MASTERPIECE? Gross food? Or an American MASTERPIECE?
Basic Food Groups and Their Major Nutrients Basic Food Groups and Their Major Nutrients
The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices
Food Assistance Programs in the United States Food Assistance Programs in the United States
Video: Hemodynamics Animation

For a complete list of videos, visit our video library