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

Author Question: A monopoly has a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A ... (Read 365 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jul 1, 2018
A monopoly has
 a. A perfectly elastic demand curve
  b. A perfectly elastic supply curve
  c. A downward sloping demand curve
  d. A upward sloping demand curve

Question 2

US and Canada can both grow wheat and can do mining. Use the following table to look for which country has a comparative advantage in mining. (HINT: Find the cost of mining in terms of wheat in each country.) Absolute Cost in US Absolute Cost in Canada Wheat 5 C8 Mining 10 C12
 a. Canada has a comparative advantage in mining.
  b. The US has a comparative advantage in mining.
  c. No comparative advantage in mining exists for either nation.
  d. We must first know the exchange rate to be able to answer this question.
  e. Both a and b.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jul 1, 2018
Correct answers!


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Bell Curve Joke Bell Curve Joke
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 ...
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library