This topic contains a solution. Click here to go to the answer

Author Question: If the perfectly competitive wiffle ball industry is bearing economic losses, we would expect that: ... (Read 77 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
If the perfectly competitive wiffle ball industry is bearing economic losses, we would expect that:
 a. output will increase, the price of wiffle balls will rise, and the economic losses would tend to disappear.
  b. output will decrease, the price of wiffle balls will fall, and the economic losses would tend to increase.
  c. output will decrease, the price of wiffle balls will rise, and the economic losses would tend to disappear.
  d. output will increase, the price of wiffle balls will fall, and the economic losses would tend to disappear.

Question 2

A tradesman who purchases diamonds in a country where the price is low and sells them in another country where the price is high, can be said to be practicing:
 a. arbitrage.
  b. speculation.
  c. derivatives trading.
  d. forecasting.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

c

Answer to Question 2

A




JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library