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

Author Question: The output level that occurs in any market that is in equilibrium: a. is the quantity where the ... (Read 17 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
The output level that occurs in any market that is in equilibrium:
 a. is the quantity where the supply curve intersects the y-axis.
  b. is the quantity where the demand curve intersects the x-axis.
  c. is the quantity at an output level where buyers will pay more than suppliers require.
  d. is an output level where buyers will not pay as much as suppliers require.
  e. is the quantity where the demand and supply curves intersect each other.

Question 2

When resources are used efficiently, you can produce more of one good, ceteris paribus, only by:
 a. printing more money.
 b. charging a lower price for output.
  c. charging a higher price for output.
  d. producing less of another good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library