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

Author Question: The market-clearing price is: a. the price at which the market is in equilibrium. b. the price at ... (Read 150 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
The market-clearing price is:
 a. the price at which the market is in equilibrium.
  b. the price at which mutually beneficial trade take place.
  c. the price at which sellers earn the maximum profit.
  d. the price at which consumer surplus is zero.

Question 2

The only decision that a perfectly competitive firm makes is:
 a. what price to charge.
  b. what quantity to produce.
  c. how much to spend on advertisements.
  d. how much to discriminate on the basis of price.
  e. how to differentiate its products from its rivals.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


kshipps

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jun 30, 2018
Thank you :)


cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

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?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Kinesthesis and Equilibrium Kinesthesis and Equilibrium
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library