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

Author Question: The horizontal demand curve facing an individual firm in a perfectly competitive market: a. ... (Read 142 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 30, 2018
The horizontal demand curve facing an individual firm in a perfectly competitive market:
 a. violates the law of demand, which states that demand curves slope downward.
  b. is a reflection of the firm's small size relative to the total market.
 c. is maintained only with the help of high barriers to entry.
 d. is a reflection of the inelastic demand for its product.

Question 2

The diagram that represents how income is distributed among members of a population is known as a(n):
 a. indifference curve.
  b. Laffer curve.
  c. Edgeworth box.
  d. Lorenz curve.
  e. Phillips curve


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

polinasid

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 30, 2018
Excellent

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

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.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
Mobilize neck in wavelike motion. Return the head to a neutral position facing upward. Apply ... Mobilize neck in wavelike motion. Return the head to a neutral position facing upward. Apply ...
A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ... A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ...
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library