« previous next »

Author Question: A kinked demand curve is perceived by the firm as being: a. more elastic to the right of the kink ... (Read 63 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
A kinked demand curve is perceived by the firm as being:
 a. more elastic to the right of the kink
  b. more inelastic to the right of the kink
  c. more inelastic to the left of the kink
  d. present when there is a monopoly
  e. bowed-in or bowed-out

Question 2

When a total output curve is falling, its corresponding marginal product curve is:
 a. vertical.
  b. horizontal.
  c. rising.
  d. falling.


Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
A Dose-Response Curve A Dose-Response Curve
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 ...
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Elastic/inelastic #5 Elastic/inelastic #5
Video: Atrophy

For a complete list of videos, visit our video library