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Author Question: If a curve falls and then rises, it shows A) a maximum. B) a minimum. C) a linear relationship ... (Read 59 times)

leilurhhh

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on: Jun 29, 2018
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

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

B

Answer to Question 2

B


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