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

Author Question: If the price elasticity of supply is zero, the supply curve is a horizontal line parallel to the ... (Read 57 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
If the price elasticity of supply is zero, the supply curve is a horizontal line parallel to the quantity axis.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The marginal product of capital:
 a. is equal to the increase in capital necessary to generate a one-unit increase in output.
 b. is equal to the increase in output obtained from a one-unit increase in capital, holding other factors constant.
  c. is equal to the incremental profit associated with selling one more unit of output.
 d. is equal to the incremental cost of employing one more unit of physical or human capital.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


leo leo

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Classic Supply - Demand Curve Classic Supply - Demand Curve
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library