Homework Answers
Ans) the correct option is a) perfectly elastic demand function
In perfectly competitive market, the demand curve is perfectly elastic meaning it is horizontal
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A perfectly competitive firm faces a: Question 6 Not yet answered Points out of 1.00 Select...
Question 7 Not yet anwed Points out of 1.00 P Flag question If a perfectly competitive...
Question 7 Not yet anwed Points out of 1.00 P Flag question If a perfectly competitive firm is producing 2.500 units and, at the 2,500th unit, the difference between marginal revenue and marginal cost (MR-MC) POsitive, which of the following is true? Select one: A. The firm shouid increase production to maximize profit B. The 2,500th unit costs more to produce than the firm earns in revenue O C. The firm should decrease production to maximize proft D. The inm...
please check my answers (3) Question 9 Not yet answered Points out of 1.00 Flag question If Happy Avocados control...
please check my answers (3)
Question 9 Not yet answered Points out of 1.00 Flag question If Happy Avocados controls 91 percent of the market for ready-made guacamole dip and the remaining 9 percent of the market includes many other smaller competing firms, Happy Avocados is a firm. Select one: A dominant B. monopoly C. perfectly competitive D. competitive fringe All of the following are examples ade except which one? Question 10 Not yet answered Points out of 10 p...
Question 10 Not yet answered Marked out of 1.00 P Flag question A perfectly inelastic demand:...
Question 10 Not yet answered Marked out of 1.00 P Flag question A perfectly inelastic demand: Select one a. whatever the price, suppliers will supply zero amount of the good. b. means percentage change in demand will be equal to the percentage change in price. c. whatever the price, buyers will not buy the good at all. d. whatever the price, buyers will buy the same amount, like the life saving medicine.
Question 1 Not yet saved Marked out of 1.00 P Flag question For a perfectly competitive...
Question 1 Not yet saved Marked out of 1.00 P Flag question For a perfectly competitive firm, marginal revenue is Select one: OA. undefined because the firm's demand curve is horizontal. O B. greater than the price. ° C. equal to the change in profit from selling one more unit. O D. less than the price. E. equal to the price. Next page
Nuestion 23 Not yet answered Points out of 1.00 If a cartel firm is producing a...
Nuestion 23 Not yet answered Points out of 1.00 If a cartel firm is producing a quantity at which the marginal revenue is $2 and the marginal cost is $2, the firm P Flag question Select one: A. is producing the agreed upon quantity B. has erected a barrier to entry C. is producing less than the agreed upon quantity D. has acted in self-interest Question 24 If a monopolist is producing the profit-maximizing output level and at this output...
please check my answers (4) Questi 13 Not yet answered Points out of 1.00 If four...
please check my answers (4)
Questi 13 Not yet answered Points out of 1.00 If four electronics companies agree to decrease their production of cell phones and raise the price of their cell phones to $400, this is an example of Flag question Select one: A. price fixing 8.market division C. monopolization D. bid rigging Antitrust laws are laws that Oeste 14 Not yet answered Points out of 1.00 P Flag question Select one: • A promote competition Bassist firms...
Question 5 A price searcher Not yet answered Points out of 1.00 Select one: O a....
Question 5 A price searcher Not yet answered Points out of 1.00 Select one: O a. is a seller that has the ability to control to some degree the price of the product itsells. b. faces a horizontal demand curve. P Flag question c. is a seller that searches for the best location to sell its product. . is a seller that searches for good employees and pays them a low wage. o d Previous page Next MacBook Air
2. SU, perten Question 6 Not yet answered Points out of 1.00 p Flag question Select...
2. SU, perten Question 6 Not yet answered Points out of 1.00 p Flag question Select one: One of the reasons for using a first mover strategy is to preempt competitors. A True 0 False
Regarding transposable elements: Question 8 Not yet answered Points out of 2.00 P Flag question Select...
Regarding transposable elements: Question 8 Not yet answered Points out of 2.00 P Flag question Select one: a. non autonomous elements require other elements for transposition b. autonomous elements encode the function needed for movement O c. mobile genetic elements are thought to be present in all forms of life d. transposable elements are common in most genomes e. all of these answers are correct o In prokaryotic cells: Question 9 Not yet answered Points out of 2.00 P Flag...
Question 12 Not yet answered Points out of 1.00 P Flag question The DNA remains in...
Question 12 Not yet answered Points out of 1.00 P Flag question The DNA remains in the nucleus when RNA is made. That process is properly known as Select one: O a. transcription. O b. translation. c. transmutation. d. conversation. Question 13 Not yet answered Points out of 1.00 P Flag question The copy of the DNA in the form of RNA leaves the nucleus and goes to the Select one: a. cell membrane. b. Golgi bodies C. vacuole. Od....
Question 7 Not yet anwed Points out of 1.00 P Flag question If a perfectly competitive firm is producing 2.500 units and, at the 2,500th unit, the difference between marginal revenue and marginal cost (MR-MC) POsitive, which of the following is true? Select one: A. The firm shouid increase production to maximize profit B. The 2,500th unit costs more to produce than the firm earns in revenue O C. The firm should decrease production to maximize proft D. The inm...
please check my answers (3)
Question 9 Not yet answered Points out of 1.00 Flag question If Happy Avocados controls 91 percent of the market for ready-made guacamole dip and the remaining 9 percent of the market includes many other smaller competing firms, Happy Avocados is a firm. Select one: A dominant B. monopoly C. perfectly competitive D. competitive fringe All of the following are examples ade except which one? Question 10 Not yet answered Points out of 10 p...
Question 10 Not yet answered Marked out of 1.00 P Flag question A perfectly inelastic demand: Select one a. whatever the price, suppliers will supply zero amount of the good. b. means percentage change in demand will be equal to the percentage change in price. c. whatever the price, buyers will not buy the good at all. d. whatever the price, buyers will buy the same amount, like the life saving medicine.
Question 1 Not yet saved Marked out of 1.00 P Flag question For a perfectly competitive firm, marginal revenue is Select one: OA. undefined because the firm's demand curve is horizontal. O B. greater than the price. ° C. equal to the change in profit from selling one more unit. O D. less than the price. E. equal to the price. Next page
Nuestion 23 Not yet answered Points out of 1.00 If a cartel firm is producing a quantity at which the marginal revenue is $2 and the marginal cost is $2, the firm P Flag question Select one: A. is producing the agreed upon quantity B. has erected a barrier to entry C. is producing less than the agreed upon quantity D. has acted in self-interest Question 24 If a monopolist is producing the profit-maximizing output level and at this output...
please check my answers (4)
Questi 13 Not yet answered Points out of 1.00 If four electronics companies agree to decrease their production of cell phones and raise the price of their cell phones to $400, this is an example of Flag question Select one: A. price fixing 8.market division C. monopolization D. bid rigging Antitrust laws are laws that Oeste 14 Not yet answered Points out of 1.00 P Flag question Select one: • A promote competition Bassist firms...
Question 5 A price searcher Not yet answered Points out of 1.00 Select one: O a. is a seller that has the ability to control to some degree the price of the product itsells. b. faces a horizontal demand curve. P Flag question c. is a seller that searches for the best location to sell its product. . is a seller that searches for good employees and pays them a low wage. o d Previous page Next MacBook Air
2. SU, perten Question 6 Not yet answered Points out of 1.00 p Flag question Select one: One of the reasons for using a first mover strategy is to preempt competitors. A True 0 False
Regarding transposable elements: Question 8 Not yet answered Points out of 2.00 P Flag question Select one: a. non autonomous elements require other elements for transposition b. autonomous elements encode the function needed for movement O c. mobile genetic elements are thought to be present in all forms of life d. transposable elements are common in most genomes e. all of these answers are correct o In prokaryotic cells: Question 9 Not yet answered Points out of 2.00 P Flag...
Question 12 Not yet answered Points out of 1.00 P Flag question The DNA remains in the nucleus when RNA is made. That process is properly known as Select one: O a. transcription. O b. translation. c. transmutation. d. conversation. Question 13 Not yet answered Points out of 1.00 P Flag question The copy of the DNA in the form of RNA leaves the nucleus and goes to the Select one: a. cell membrane. b. Golgi bodies C. vacuole. Od....
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