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

Author Question: At the profit-maximizing level of output, demand is A) completely inelastic. B) inelastic, but ... (Read 172 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
At the profit-maximizing level of output, demand is
 
  A) completely inelastic.
  B) inelastic, but not completely inelastic.
  C) unit elastic.
  D) elastic, but not infinitely elastic.
  E) infinitely elastic.

Question 2

Refer to Scenario 17.4. If there is no flood insurance and no flood control system is in place, the expected loss from a flood is
 
  A) 5,000.
  B) 10,000.
  C) 100,000.
  D) 200,000.
  E) 1,000,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


saliriagwu

  • Hero Member
  • *****
  • Posts: 537
Reply #2 on: Jul 1, 2018
Correct answers!


mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

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

The central dogma of genetics at the molecular level. The central dogma of genetics at the molecular level.
Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
Level II HCPCs Codes Level II HCPCs Codes
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library