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

Author Question: Flora's Flower Shop bought a new van for 23,000. Today, the market price of this van is 11,000. The ... (Read 47 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
Flora's Flower Shop bought a new van for 23,000. Today, the market price of this van is 11,000. The economic depreciation of the van is ________.
 
  A) 23,000
  B) 12,000
  C) 11,000
  D) 34,000

Question 2

Firms in perfectly competitive industries have a ________ individual demand curve when the price is on the vertical axis and the quantity is on the horizontal axis. The shape of the curve is result of the firm being a ________.
 
  A) horizontal; price taker
  B) downward sloping; price maker
  C) vertical; price taker
  D) downward sloping; price taker


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


ARLKQ

  • Member
  • Posts: 571
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests. Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests.
Flower mantis shrimp. Flower mantis shrimp.
Flower Flower
Countries where malaria is prevalent today are located in the warm tropics and subtropics Countries where malaria is prevalent today are located in the warm tropics and subtropics
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Smoking Cessation

For a complete list of videos, visit our video library