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 785 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?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Competitive inhibition Competitive inhibition
Elastic cartilage Ear Elastic cartilage Ear
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
How many monochlorosubstitution products are possible for 2,3-dimethylbutane? How many monochlorosubstitution products are possible for 2,3-dimethylbutane?
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library