This topic contains a solution. Click here to go to the answer

Author Question: If with a small decrease in the price of a good, the quantity supplied falls to zero, the supply of ... (Read 149 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
If with a small decrease in the price of a good, the quantity supplied falls to zero, the supply of the good is said to be:
 
  A) unit elastic.
  B) inelastic.
  C) perfectly inelastic.
  D) perfectly elastic.

Question 2

Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A
 
  A) has a lower opportunity cost of producing good X than has B.
  B) has a lower opportunity cost of producing good X than of producing good Y.
  C) can produce more units of X in a given time period than can B.
  D) can produce X using newer technology than can B.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

D

Answer to Question 2

A




OSWALD

  • Member
  • Posts: 580
Reply 2 on: Jun 29, 2018
Gracias!


Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

For a complete list of videos, visit our video library