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 97 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
Gracias!

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Influences on Temperature: South-facing slopes are typically more vegetated than north-facing ... Influences on Temperature: South-facing slopes are typically more vegetated than north-facing ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Stand facing the side of the table and apply cross-handed stretches for the subcutaneous fascia. ... Stand facing the side of the table and apply cross-handed stretches for the subcutaneous fascia. ...
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library