The demand curve for the product of a perfectly competitive firm is
A) downward sloping.
B) upward sloping.
C) perfectly inelastic.
D) perfectly elastic.
D
You might also like to view...
If the payoff to the United States to pursuing nuclear weapons is 100 if the USSR does not pursue nuclear weapons and 50 if they do, and the payoff to the USSR to pursuing nuclear weapons is 80 if the USA doesn't pursue nuclear weapons and 30 if they
do, what is the non-cooperative equilibrium? A) The USA pursues nuclear weapons, the USSR does not. B) The USA pursues nuclear weapons, the USSR pursues nuclear weapons. C) The USA does not pursue nuclear weapons, the USSR does not pursue nuclear weapons. D) The USA does not pursue nuclear weapons, the USSR does pursue nuclear weapons.
The lowest marginal tax rate used in the United States is
A. 10 percent. B. 28 percent. C. 33 percent. D. 39.6 percent.
A consumption function is used to illustrate the choices a consumer faces in a world of scarcity
a. True b. False Indicate whether the statement is true or false
A farmer receives a producer surplus of $100 for 10 tons of wheat. If the price he was willing to receive was $200 for the 10 tons of wheat, then the market price of 10 tons of wheat was $300
a. True b. False Indicate whether the statement is true or false