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

Author Question: Ice cream can be frozen. In the short run the magnitude of the own price elasticity of demand for ... (Read 250 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jul 1, 2018
Ice cream can be frozen. In the short run the magnitude of the own price elasticity of demand for ice cream:
 
  A) is higher than in the long run.
  B) is lower than in the short run.
  C) is the same as in the long run.
  D) does not depend on the fact that ice cream can be frozen.

Question 2

All of the payment to a factor of production will be economic rent when the factor of production has:
 
  A) an infinitely inelastic supply curve.
  B) an infinitely elastic supply curve.
  C) a constant, unit elastic supply curve.
  D) an infinitely inelastic demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
A Frozen Lake on Triton A Frozen Lake on Triton
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Short Table of Laplace Tranforms Short Table of Laplace Tranforms
Waffle with Vanilla Ice cream Waffle with Vanilla Ice cream
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library