« previous next »

Author Question: The marginal revenue of a monopolistically competitive firm A) will equal average revenue. B) ... (Read 108 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
The marginal revenue of a monopolistically competitive firm
 
  A) will equal average revenue.
  B) cannot be negative because the price the firm charges will always be greater than zero.
  C) can be negative if the firm charges a high price.
  D) can be negative if the firm charges a low price.

Question 2

The limitation that a consumer's total expenditure on goods and services purchased cannot exceed the income available is referred to as
 
  A) maximizing behavior. B) economizing behavior.
  C) the budget constraint. D) the price constraint.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Non-competitive inhibition Non-competitive inhibition
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Definition of heart rate

For a complete list of videos, visit our video library