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

Author Question: Dominic sells pizza slices for $5 on the Santa Monica Pier. He currently sells 500 slices of pizza ... (Read 623 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Apr 19, 2019

Question 1

The ________ part of a perfectly competitive firm's marginal cost curve is the firm's short-run supply curve.


◦ rising
◦ falling
◦ horizontal
◦ backward-bending

Question 2

Dominic sells pizza slices for $5 on the Santa Monica Pier. He currently sells 500 slices of pizza per day.This is a perfectly competitive business, and Dominic faces a perfectly price elastic demand curve. If he wants to try to increase daily revenues to $3,000, he should


◦ raise the price of his pizza to $6 per slice and continue to sell 500 slices per day.
◦ lower the price of his pizza to $4 per slice and try to sell 750 slices per day.
◦ keep the price at $5 per slice and produce 600 slices per day.
◦ do nothing since he can do nothing to increase revenue.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hbsimmons88 on Apr 19, 2019

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


Jason Watson

  • Newbie
  • *
  • Posts: 5
Reply #2 on: Jun 25, 2021
thankyou


« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

A blue whale surfaces off Santa Cruz Island in the Channel Islands, near Santa Barbara, CA A blue whale surfaces off Santa Cruz Island in the Channel Islands, near Santa Barbara, CA
Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans
Pizza and eating disorders can be life threatening Pizza and eating disorders can be life threatening
A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b
Mario Lanza sings Mario Lanza sings "Santa Lucia"
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library