Organ Pipe Y (Open at Both Ends) Is Twice as Long

question 1

Multiple Choice

Organ pipe Y (open at both ends) is twice as long as organ pipe X (open at one end) as shown. The ratio of their fundamental frequencies f_X::f_Y is:

• A) 1:1
• B) 1:2
• C) 2:1
• D) 1:4
• E) 4:1

Understand the differences between industry and individual firm demand curves in perfect competition.

Identify the profit-maximizing/loss-minimizing level of output.

Recognize barriers to entry and exit in perfect competition, such as licenses, contracts, and patents.

Interpret short-run and long-run profit scenarios for firms in perfect competition.