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.
Calculations go from year 1 to year 6, screen isn't big enough to show all calculations.
present worth is $76273.60
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Given that <span>Jordan
routinely eats an early lunch around 11:00 am. Even if there's no clock
in sight, Jordan can tell when it's almost 11:00 am because he feels
hungry and wants to eat.
The explanation that accounts for this is </span>Jordan has become classically conditioned so that the time of the day,
11 AM, is a conditioned stimulus (CS) for him, triggering internal
bodily changes that increase his desire to eat.