--%>
Assignment Help - homework help

Facing a demand curve that perfectly price elastic

When the world price for wheat is $10 per bushel; and Del, who one owns the biggest wheat farm into North Dakota, will: (w) face a demand curve that is perfectly price elastic at $10 per bushel. (x) realize $4 per bushel in long-run economic profits. (y) operate at point c. (z) maximize profit by operating at point f.

1236_Price Taking and the Price Elasticity.png

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Employed Currency in 1700s In 1700s

    In 1700s what currency was employed?

    		•
  • Q : Diminishing Marginal utility principle

    Can someone help me in finding out the right answer from the given options. The experience that your very first kiss with a latest crush was more thrilling and satisfying than your 10th kiss 35 minutes later is an illustration of the: (i) Familiarity principle. (ii) N

    		•
  • Q : Equilibrium moves market reduce in

    When equilibrium moves from point a to point b, the simple market experiencing a reduce in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Monopolistic competitive firm in normal

    This monopolistically competitive firm in illustrated figure produces Q units as well as experiences: (1) economic profits equal to 0cbQ. (2) economic losses equal to cpab. (3) more than normal accounting profits. (4) marginal cost in excess of averag

    		•
  • Q : Tastes and Preferences in travel

    Can someone help me in finding out the right answer from the given options. Raised ‘love boat’ ticket sales in response to a sequence of stunning travel commercials point out a raise in the: (i) Quantity of romantic vacations demanded. (ii) Demand for the

    		•
  • Q : Negative price cross elasticities of

    When two goods have negative price cross elasticities of demand, in that case the goods are: (1) inferior goods. (2) luxury goods. (3) complementary goods: (4) substitute goods. (5) normal goods. Hey friends please

    		•
  • Q : Effect of average expected lifespan on

    When new medical technology raised the average expected lifespan through 10 years and people responded along with increases in their desires to have hefty “nest eggs” while they retire, it would be least probable to result into: (1) an inc

    		•
  • Q : Marginal Productivity Theory about

    Differences into the demands for various resources, into the talents and kinds of labor people possess, within labor/leisure trade-offs, into inheritances, and by luck all play roles into explaining: (1) differences in income among individuals. (2) the term structure

    		•
  • Q : Sunk cost Give the answer of following

    Give the answer of following question. Which of the following sayings associate most closely to the idea of sunk costs? 1) Don't cry over spilt milk. 2) A bird in the hand is worth two in the bush. 3) He who hesitates is lost. 4) Show me the money.

    		•
  • Q : Demand of Substitute Goods I have a

    I have a problem in economics on Demand of Substitute Goods. Please help me in the following question. All as well equivalent, raised prices for a new Toyotas will most instantly rise the: (1) Price cuts essential for ‘lemons’ to be sold b

    		•