If the supply curve is perfectly inelastic, what is the opportunity cost of the supplier?
Question:
If the supply curve is perfectly inelastic, what is the opportunity cost of the supplier?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
If the supply curve is perfectly inelastic it means that the quantity supplied doe...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
You are an artist and create limited edition sculptures for sale at your website. Due to the limited number of pieces created, your supply curve is perfectly inelastic (vertical). What happens to the...
-
What effect does a $1 specific tax have on equilibrium price and quantity, and what is the incidence on consumers, if the following is true: a. The demand curve is perfectly inelastic. b. The demand...
-
Suppose that the demand curve for corn is downward-sloping but that the supply curve is perfectly price inelastic at a quantity of Q* once the corn is harvested. Furthermore, assume that the...
-
All of the following are advantages of licensing EXCEPT: the foreign country gains employment by having the product manufactured locally. the licensee gains information that allows it to start with a...
-
The ability to hear a "pin drop" is the sign of sensitive hearing. Suppose a 0.48-g pin is dropped from a height of 31 cm, and that the pin emits sound for 1.2 s when it lands. Assuming all of the...
-
\(\omega_{1}\) is near \(20 \mathrm{rad} / \mathrm{s}\) and \(\omega_{2}\) is near \(260 \mathrm{rad} / \mathrm{s}\) A DOF system with a cubic nonlinearity has a linear natural frequency of \(120...
-
The three commonly used temperature scales are (a) Fahrenheit, Celsius and Rankine (b) Fahrenheit, Celsius and Kelvin (c) Fahrenheit, Rankine and Kelvin (d) Celsius, Rankine and Kelvin.
-
Supergrow, Inc., based in Des Moines, Iowa, sells high-end fertilizers. Supergrow has two divisions: North Italy mining division, which mines potash in northern Italy U. S. processing division, which...
-
Hal's Heavenly Creations offers its employees the option of contributing up to 6% of their salaries to a voluntary retirement plan, with the employer matching their contribution. The company also...
-
There is a small but growing movement known as voluntary simplicity, which is founded on the belief in a simple life of working less and spending less. Do Americans who belong to this movement follow...
-
State the law of supply and explain how it relates to opportunity cost.
-
When are employers allowed to monitor employees use of electronic devices?
-
Frankie bought a trip on her credit card on May 28 for $2,231.00. She paid off the entire amount of the trip including the interest charges 128 days later. The annual interest rate on purchases is...
-
Let us assume that you want to start a business in another country or you work with a corporation that wants to do business in another country. What are some money market tools and/or financial...
-
Coverage of key literature related to this research topic and organizing it in a well-structured way. Critically summarize and link with your research question. Data and method: Also, cover the...
-
Consider a pension fund at 01/01/2023 that requires a payout of $100, 000, 000 at the end on 31/12/2025. The fund would like to invest into a portfolio that delivers this payout for sure. The yield...
-
If you purchase 25 3-month call options on Tua Inc at $1.50/option with an exercise price of $56.00, what would you do and what is your net gain or loss if the stock is trading at $62.00 per share at...
-
Describe the stockholders liability to creditors of a corporation.
-
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
-
While grading a final exam a professor discovers that two students have virtually identical answers. He talks to each student separately and tells them that he is sure that they shared answers, but...
-
Kiplinger and Intuit are two rival firms in the tax- software industry. Each faces a choice for the coming year between developing a simple tax- advice program or a comprehensive one. The matrix...
-
Suppose we have the same payoff matrix as in Problem 3 except now firm 1 gets to move first and knows that firm 2 will see the results of this choice before deciding which type of car to build. a....
-
h(x) Find the derivative of the function. 5 133-131/3+8x h'(x) = X Need Help? Read It Watch it
-
How would I work out these two problems, any formulas I need to know? G M Finish update T-Shirt Profit Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless people on...
-
Provide background information on international (or multinational) firms.
Study smarter with the SolutionInn App