« previous next »

Author Question: A Midwestern wheat farmer faces a horizontal demand curve because a. it is so large relative to the ... (Read 42 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?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

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?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

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

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Large intestine Large intestine
Anatomy Of Large Intestine Anatomy Of Large Intestine
Chimerical Faces Chimerical Faces
Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library