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

Author Question: The flatter the slope of the supply curve the lower will be the price elasticity of supply. ... (Read 132 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jun 30, 2018
The flatter the slope of the supply curve the lower will be the price elasticity of supply.
  Indicate whether the statement is true or false

Question 2

Suppose at a certain quantity of output, a firm's average-total-cost curve lies above its demand curve. At this quantity of output, the firm:
 a. is earning negative economic profit.
  b. is earning zero economic profit.
  c. is maximizing profit.
  d. should increase its output to maximize profit.
  e. should reduce output to maximize negative economic profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

a


mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jun 30, 2018
Excellent

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Four Arch Curve Four Arch Curve
The proboscis monkey demonstrates that large gut size contributes to a lower EQ. The proboscis monkey demonstrates that large gut size contributes to a lower EQ.
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Apply oil or lotion to the entire leg and hip. Slide palms from lower leg to buttocks. Inside hand ... Apply oil or lotion to the entire leg and hip. Slide palms from lower leg to buttocks. Inside hand ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library