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icang [17]
3 years ago
13

If the market elasticity of demand for potatoes is -0.3 in a perfectly competitive market, then the individual farmer's elastici

ty of demand A. will also be -0.3. B. will range between -0.3 and -1.0. C. will be infinite. D. depends on how large a crop the farmer produces.
Business
1 answer:
Ymorist [56]3 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

A perfectly competitive firm faces a perfectly elastic demand curve. In a perfectly competitive market, there is a large number of buyers and sellers, such that no single firm is able to affects the price or output level. The demand curve faced by a single firm is a horizontal line.  

The market demand curve, on the other hand, is downward sloping. So whatever be the market elasticity of demand, the elasticity of individual firm will be infinite.

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During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was
ch4aika [34]

Savings = Investment +Net exports ( where Net export = Export - Imports)

             = 100 + 50-70

             = $80 billion

Imports are goods and services purchased from the rest of the world by residents of a country rather than domestically produced items. Exports are goods and services produced in the United States but sold to customers in other countries.

Total imports and total exports are critical components in calculating a country's GDP. They are categorized as "Net Exports." Net exports are calculated by subtracting the total value of a country's exports from the total value of its imports. A trade surplus is indicated by a positive net exports figure.

To learn more about exports, click here

brainly.com/question/21897468

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8 0
2 years ago
Suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-thro
Andre45 [30]

Answer: $1,177

Explanation:

First we calculate the Monthly service fee by the formula,

Monthly servicing fee = Monthly servicing fee rate * Outstanding loan balance,

The service fee is 35 basis points which translates to 0.35 % and is an annual figure so we will adjust it to a monthly one,

= (0.35%/12) * $250,000

= $72.92

To calculate amount that passes through to the mortgage pass we do,

Mortgage pass-through amount = Monthly mortgage payment - Monthly servicing fee

= $1,250 - $72.92

= $1,177.08,

= $1,177

$1,177 is the income that will pass through to the investor in the mortgage pass through each month

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3 years ago
Imagine an influential new study shows that eating eggs drastically reduces the risk
sweet-ann [11.9K]
The correct answer would be d
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The store hours can be different for each day of the week.<br> True<br> False
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The answer is true because it need not coincide with the calendar of the week, but may begin on any day and at any hour of the day
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PLEASE HELP!!
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Bitcoin, Equal Dollars, Ithaca Hours, Starbucks Stars, Amazon Coins, Sweat.

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