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 26 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
Excellent

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Unique markings identify individual humpback whales. Unique markings identify individual humpback whales.
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Standing at the side and facing the head, apply deep circular effleurage over shoulder area using ... Standing at the side and facing the head, apply deep circular effleurage over shoulder area using ...
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Genome-wide SNP-based heritability for individual behavioral disorders Genome-wide SNP-based heritability for individual behavioral disorders
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library