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

Author Question: A consumer has 40 that he wants to spend. He is faced with four options: a camera that costs 60, a ... (Read 32 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
A consumer has 40 that he wants to spend. He is faced with four options: a camera that costs 60, a cell phone that costs 150, a book that costs 10, and a Bluetooth speaker that costs 45.
 
  Which of the following is a feasible option for the consumer? A) The book
  B) The camera
  C) The cell phone
  D) The Bluetooth speaker

Question 2

How does the exit of firms from a monopolistically competitive market affect the demand curves faced by the existing firms?
 
  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

izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The exit of firms from a monopolistically competitive market shifts the demand curves faced by the existing firms to the right and causes them to become steeper.


nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 29, 2018
:D TYSM

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

A 1998 false-colour near-infrared image of Uranus showing cloud bands, rings, and moons obtained by A 1998 false-colour near-infrared image of Uranus showing cloud bands, rings, and moons obtained by
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
In middle childhood, children spend increasing amounts of time with peers and friends. In middle childhood, children spend increasing amounts of time with peers and friends.
Open-Faced Sandwiches Open-Faced Sandwiches
Tuition Costs Tuition Costs
Camera Eye (Octopus) Camera Eye (Octopus)
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library