« previous next »

Author Question: Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then ... (Read 122 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then demand is
 
  A) completely inelastic.
  B) inelastic, but not completely.
  C) unit elastic.
  D) elastic, but not infinitely.

Question 2

What is the economies of scope character for a firm that has a straight-line product transformation curve?
 
  A) Economies of scope (SC > 0)
  B) Diseconomies of scope (SC < 0)
  C) SC = 0
  D) SC = 1


chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

The skimmers or perchers and their relatives form the Libellulidae, the largest dragonfly family in The skimmers or perchers and their relatives form the Libellulidae, the largest dragonfly family in
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc
Instructions for Completing the CMS-1500 (02/12) Claim Form Instructions for Completing the CMS-1500 (02/12) Claim Form
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Comparison number Grade 1 math Comparison number Grade 1 math
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library