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

Author Question: A perfectly competitive firm has a. A perfectly elastic demand for its products b. A perfectly ... (Read 682 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Jul 1, 2018
A perfectly competitive firm has
 a. A perfectly elastic demand for its products
  b. A perfectly inelastic demand for its products
  c. A downward sloping demand for its products
  d. None of the above

Question 2

Katy is holding an English auction. If she estimates the values of her bidders to be 2, 4, 10, 15 and 25, she should expect to be able to make ____ off the auction
 a. Just above 10
  b. Just below 10
  c. Just above 15
  d. Just below 15


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


mspears3

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jul 1, 2018
Thank you :)


upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
The Railroads: Moving Agricultural Products to Eastern Markets, 1890 The Railroads: Moving Agricultural Products to Eastern Markets, 1890
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Where’s the Saturated Fat in Your Foods? Saturated fat is found in animal products, tropical oils Where’s the Saturated Fat in Your Foods? Saturated fat is found in animal products, tropical oils
Elastic/inelastic #5 Elastic/inelastic #5
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library