Price of a good or service
How is the price of a good or service set in a pure competition market? Does the firm selling the product "set the price" based upon their production costs?
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The market consequences of a price floor are discussed. There are only two alternatives, a price floor set lower that what already exists in the market, and the price floor set higheer than the existing market price.
The small size in living cells can best be attributed to which of the given factors: a) The small size of most molecules. b) The large number of cells which are necessary to form an organism.
Extracellular matrix simply fills the gaps between the cells in connective tissues. Describe this statement in the light of present knowledge of extracellular matrix.
Molecular biologists want to break up the cells and extract the DNA from the nucleus where most of the cell's DNA is situated. We will use the strawberries to isolate the DNA.
Could cell, tissue, or genetic engineering permit humans to use chloroplasts this way? Explain 1 or 2 factors which would require to be considered for chloroplasts to function in an animal or a human.
Suppose that, for a particular demand curve, when price rises from $50 to $60, total revenue falls from $8,750 to $7800. Based upon this information, what is the quantity demanded at each price.
Try to think of original analogies for other organelles or cell structures like Golgi, lysosomes, the cell wall, cell membrane, endoplasmic reticulum, ribosome, nucleus and so forth. Comprise where your analogy might be less than perfect.
The demand for company X's product is given by Qx=12-3Px+4Py . Suppose good X sells for $3.00 per unit and good Y sells for $1.50 per unit.
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