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

Author Question: A perfectly competitive industry must have a perfectly elastic long-run supply curve. a. True b. ... (Read 514 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
A perfectly competitive industry must have a perfectly elastic long-run supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

On Thanksgiving, Jake's mother gives him a huge platter of food. If Jake were to keep eating just to please his mother (even when he really wanted to stop), his marginal utility would be:
 a. the same as his total utility.
  b. large.
  c. minus one.
  d. positive.
  e. negative.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

e


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
Cut view of long bone. Cut view of long bone.
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
The Oil Industry: BOEM iron triangle The Oil Industry: BOEM iron triangle
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library