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 59 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

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Measuring BMR via oxygen consumption with indirect calorimetry. Measuring BMR via oxygen consumption with indirect calorimetry.
Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
Kiki Smith, Guide. Kiki Smith, Guide.
Guide to Credentials in Massage Therapy Guide to Credentials in Massage Therapy
Industrialized nations consumption Industrialized nations consumption
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: Asthma Treatment

For a complete list of videos, visit our video library