C=18
if c=54 when n=9, and you need to know c when n is 3, just divide 54 by 3 as well! hope this helped
True statement about the Mona Lisa is: It is a highly replicated work.
The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
Learn more about Elasticity of demand
brainly.com/question/26576823
If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.
<h3>What is a perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
<h3>What is a
price taker?</h3>
A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.
In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.
Read more on price here: brainly.com/question/11898489
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Complete Question:
If a perfectly competitive firm is a price taker, then
A. pressure from competing firms will force acceptance of the prevailing market price.
B. it must be a relatively small player compared to its competitors in the overall market.
C. it can increase or decrease its output without affecting overall quantity supplied in the market.
D. quality differences will be very perceptible and will play a major role in purchasers' decisions.
