Author Question: Refer to the figure above. What is the optimal number of machines rented if the market rental price ... (Read 59 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
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
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library