This topic contains a solution. Click here to go to the answer

Author Question: At the profit-maximizing output, price is greater than marginal cost a. for a monopolistically ... (Read 49 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
At the profit-maximizing output, price is greater than marginal cost
 a. for a monopolistically competitive firm only in the short run
  b. for a monopolistically competitive firm only in the long run
  c. for a monopolistically competitive firm in both the short run and the long run
  d. for a perfectly competitive firm only in the short run
  e. for a perfectly competitive firm only in the long run

Question 2

Special-interest legislation that imposes costs broadly over many taxpayers can be enacted because
 a. taxpayers benefit from this type of legislation
  b. taxpayers remain rationally ignorant of the legislation
  c. only the wealthy pay these taxes
  d. these taxes are actually borne by a minority of taxpayers
  e. the Constitution requires special-interest legislation



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

B




dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

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?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

For a complete list of videos, visit our video library