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 67 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
Thanks for the timely response, appreciate it

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Your heart beats over 36 million times a year.

Please provide me with a solution for part b. Please provide me with a solution for part b.
Production of monoclonal antibodies Production of monoclonal antibodies
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Your Guide to Functional Foods Your Guide to Functional Foods
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library