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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
If a producer can sell each and every unit he can possibly produce for $10 each, then
A) he is a price taker.
B) the demand for his product is infinitely elastic.
C) his marginal revenue curve is a horizontal line at $10.
D) all of the above are true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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9 years ago
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Sublight2097 Author
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#2
9 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
wrote...
#3
9 years ago
No problemo Happy Dummy
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