« previous next »

Author Question: A Midwestern wheat farmer faces a horizontal demand curve because a. it is so large relative to the ... (Read 18 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?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

An Extinct Vertebrate and a Modern Relative An Extinct Vertebrate and a Modern Relative
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ... The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ...
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library