3c) If Sharesies was considering decreasing its prices, explain
two external reactions to price changes that...
3c) If Sharesies was considering decreasing its prices, explain
two external reactions to price changes that they should consider
when setting their new prices.
Provide a discussion of a contemporary oligopoly, outlining its
pricing decisions and reactions to price changes. (Answer should be
1.5 typed pages long)
A) If a firm is a price taker its marginal revenue is:
Constant
Decreasing as quantity produced increases
Increasing as quantity produced increases
Zero
B) If a non-price taking firm produces where demand is
inelastic, marginal revenue will be...
positive
zero
negative
imaginary
C) For non-price taking firms-- which of the following
statements are true.
The firms markup depends on the elasticity of demand for the
firms product.
The firms marginal revenue decreases as output increases.
The firm's...
Which of the following
are redox reactions ? Explain your answer on the basis of changes
in oxidation number.
1. CuSO4 + 2NaOH → Cu(OH) 2 + Na
2SO4
2. 2Al +
3MgSO4 → 3Mg + Al
2(SO4)3
3.
2(NH4)3PO4 +
3Ba(NO3)2 → Ba
3(PO4)2 +
6NH4NO3
4. 2HNO3 +
3H3AsO3 → 2NO + 3H
3AsO4 + H2O
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For the following
reaction, 4.57 g of silver nitrate are mixed with excess copper.
The reaction yields 2.29 gram of copper(II)...
Explain qualitatively how DG changes in each of the following
reactions as the partial pressure of O2 is
increased:
(a) 2CO(g) + O2 (g) ® 2CO2(g)
(b) 2H2O2 (l) ® 2H2O(l) +
O2(g)
( c) 2KClO3(s) ® 2KCl(s) + 3O2(g)