Recent Posts • Latest Topics • Unanswered Questions

The perfectly elastic demand curve faced by a competitive firm indicates that

jugganuts

wrote...

Go to Answer

Posts: 139

Rep:

A year ago

The perfectly elastic demand curve faced by a competitive firm indicates that

The perfectly elastic demand curve faced by a competitive firm indicates that

▸ as the firm expands output, its marginal revenue will fall.

▸ it could actually sell an infinite amount of output at the going price.

▸ the product's price will be unaffected by any realistic change in the firm's level of output.

▸ total revenue is constant regardless of quantity produced.

▸ the firm could increase total revenue by increasing the price.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

Read 35 times

1 Reply

Report

Replies

Answer verified by a subject expert

bcyber

wrote...

Posts: 130

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

jugganuts Author

wrote...

A year ago

Thanks for your help!!

aricketts6@

wrote...

Yesterday

This calls for a celebration Person Raising Both Hands in Celebration

yen

wrote...

2 hours ago

You make an excellent tutor!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1265 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

168

298

1691

Your Opinion

Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.