« previous next »

Author Question: A Midwestern wheat farmer faces a horizontal demand curve because a. it is so large relative to the ... (Read 12 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
A Midwestern wheat farmer faces a horizontal demand curve because
 a. it is so large relative to the market as a whole that it has no impact on market price
  b. it is so small relative to the market as a whole that it has no impact on market price
  c. it produces a good for which there are no substitutes
  d. it produces a good for which there are no complements
  e. it produces a good that no other firm in the industry produces

Question 2

A price searcher is any firm that has no control over price and must accept the market price as given.
 a. True
  b. False


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

fbq8i

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jun 30, 2018
Correct answers!


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

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?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Large facial tumor due to malignant Burkitt’s lymphoma, a non-Hodgkin’s lymphoma. Large facial tumor due to malignant Burkitt’s lymphoma, a non-Hodgkin’s lymphoma.
Relative Humidity Changes at Constant Water-Vapor Content Relative Humidity Changes at Constant Water-Vapor Content
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ... The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ...
Genetic Drift in Large and Small Populations Genetic Drift in Large and Small Populations
Video: What is an ecosystem?

For a complete list of videos, visit our video library