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

Author Question: Demand facing an individual, perfectly competitive firm is A) perfectly inelastic at the quantity ... (Read 100 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
Demand facing an individual, perfectly competitive firm is
 
  A) perfectly inelastic at the quantity the firm chooses to produce.
  B) perfectly inelastic at the quantity determined by market forces.
  C) perfectly elastic at the price the firm chooses to charge.
  D) perfectly elastic at the price determined by market forces.

Question 2

Which of the following would be considered a contingent contract?
 
  A) a piece rate contract
  B) a profit-sharing contract
  C) a contact with a bonus
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


tingc95

  • Member
  • Posts: 556
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
Jaundice. Photograph of an individual with liver disease, evidenced by the yellowing of the sclera o Jaundice. Photograph of an individual with liver disease, evidenced by the yellowing of the sclera o
Competitive inhibition Competitive inhibition
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ... Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ...
Standing at the side and facing the head, apply shingles effleurage to paraspinal muscles of the ... Standing at the side and facing the head, apply shingles effleurage to paraspinal muscles of the ...
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library