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

Author Question: Identify the correct statement form the following. a. Governance prevents buyers in the market from ... (Read 123 times)

tth

  • Hero Member
  • *****
  • Posts: 579
Identify the correct statement form the following.
 a. Governance prevents buyers in the market from switching between sellers.
  b. The cost of ending a relationship with a buyer in the market is always high for sellers.
  c. Goods and the parties involved in market transactions are not interchangeable.
  d. At market-clearing prices participants can rest assured that shortages or surpluses will not frustrate their expectations.

Question 2

The difference between average total cost and average variable cost decreases with an increase in output.
 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

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

D

Answer to Question 2

True




tth

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library