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Author Question: In the market for potatoes, where price level reaches its low in October and its peak in June, ... (Read 77 times)

2125004343

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on: Jun 30, 2018
In the market for potatoes, where price level reaches its low in October and its peak in June, speculators help to:
 a. keep the equilibrium price uniform over the year.
  b. lower the level of consumption in June.
  c. lower the level of consumption in October.
  d. keep the equilibrium price level low over the year.

Question 2

Suppose that Megabucks Corporation is earning an economic profit of 4,000 through the sale of a product. If the price of the product is 6 per unit and its ATC is 4 per unit, Megabucks must be producing 8,000 units.
 a. True
  b. False
  Indicate whether the statement is true or false


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Brenm

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

False


2125004343

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  • Posts: 566
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
Excellent

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