This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Selling costs, such as advertising, are likely to be a large share of total cost in an industry that ... (Read 100 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
Selling costs, such as advertising, are likely to be a large share of total cost in an industry that is
 
  A) perfectly competitive.
  B) monopolistically competitive.
  C) a monopoly.
  D) non-profit.

Question 2

What are the two conditions that are met if a consumer is maximizing utility?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juicepod

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

There are two conditions: (1 ) The consumer spends all his or her income. (2 ) The consumer equalizes the marginal utility per dollar from all goods.


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Areas of Mediterranean shrubland in southern California periodically burn over large areas, destroyi Areas of Mediterranean shrubland in southern California periodically burn over large areas, destroyi
Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th
Diverse living organisms share common chemical features Diverse living organisms share common chemical features
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
Do you know what that large object in the center of the photo is? In the 1920s, 30s, and 40s, ... Do you know what that large object in the center of the photo is? In the 1920s, 30s, and 40s, ...
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library