« previous next »

Author Question: Refer to the figure above. What is the optimal number of machines rented if the market rental price ... (Read 54 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Refer to the figure above. What is the optimal number of machines rented if the market rental price is 8 per month?
 
  A) 20 machines
  B) 40 machines
  C) 160 machines
  D) 180 machines

Question 2

The marginal revenue curve of a monopolistic competitor ________.
 
  A) lies above the demand curve
  B) lies below the demand curve
  C) is the same as the demand curve
  D) is the same as the supply curve


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Avogadro's number calculation Avogadro's number calculation
Correlations on tests for a number of cognitive abilities are higher for monozygotic twin pairs (who ... Correlations on tests for a number of cognitive abilities are higher for monozygotic twin pairs (who ...
Number and label designations for oxygen sensors. Bank 1 is the bank where cylinder number 1 is ... Number and label designations for oxygen sensors. Bank 1 is the bank where cylinder number 1 is ...
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ... The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ...
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library