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alisha [4.7K]
3 years ago
10

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

t chooses at the existing price. C) realizes an increase in total revenue which is less than product price when it sells an extra unit. D) is selling a differentiated (heterogeneous) product.
Business
1 answer:
dsp733 years ago
4 0

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

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Answer:

may limit the extent to which a nation specializes in producing of a particular product.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invested the same amount of resources in a salon business or any other business as the case may be.

The law of increasing opportunity costs can be defined as a principle in business which states that, if an organization or business firm continually raise (increase) its level of production, its opportunity cost also increases (rises).

Consequently, this may limit the extent to which a nation or country in any part of the world specializes in producing of a particular product so as to reduce or lower its opportunity cost.

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2 years ago
What agency provides over 25,000 government publications?
shepuryov [24]

Answer:

Correct Answer:

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3 years ago
______________ and _________________ wanted germany to pay for the entire financial cost of the war.
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<span>France and Belgium wanted Germany to pay for the entire financial cost of the war
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Answer:

Option B.

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An important step in the analytic process can be by simply reading the notes or transcripts.

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3 years ago
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