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

Author Question: How do speculators provide a more rational guide to production and consumption decisions compared to ... (Read 49 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
How do speculators provide a more rational guide to production and consumption decisions compared to markets?

Question 2

A perfectly competitive firm cannot affect the market price by raising or reducing its supply of a product.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

The price level which results from speculation reflects both the present and the future price of the commodity. It is thus considered a more useful guide to rational consumption and an accurate measure of scarcity.

Answer to Question 2

True


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Excellent

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
Production efficiency. Production efficiency.
Microlith production. Microlith production.
Please provide me with a solution for part b. Please provide me with a solution for part b.
How to solve any rational equation by factoring (Part 1) How to solve any rational equation by factoring (Part 1)
Programs such as Meals on Wheels provide hot meals to elderly adults who cannot leave their homes Programs such as Meals on Wheels provide hot meals to elderly adults who cannot leave their homes
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library