Author Question: If a curve falls and then rises, it shows A) a maximum. B) a minimum. C) a linear relationship ... (Read 63 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
If a curve falls and then rises, it shows
 
  A) a maximum.
  B) a minimum.
  C) a linear relationship
  D) a constant slope relationship

Question 2

Firm A and Firm B produce the same goods but with different inputs. If the inputs used by firm A are more easily available than the inputs used by firm B, then which of the following statements is true?
 
  A) The elasticity of supply of firm A and firm B will be equal.
  B) The elasticity of supply of firm A will be higher than the elasticity of supply of firm B.
  C) The elasticity of supply of firm A will be lower than the elasticity of supply of firm B.
  D) The elasticity of supply of firm A and firm B cannot be compared without information on price change.



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

For a complete list of videos, visit our video library