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Author Question: Industries with high barriers to entry a. Pushes profits to normal returns b. increases the ... (Read 82 times)

clmills979

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on: Jul 1, 2018
Industries with high barriers to entry
 a. Pushes profits to normal returns
  b. increases the likelihood of firms entering the industry
  c. help firms sustain profits
  d. increases the number of competitors

Question 2

Marginal revenue product is defined as the amount that an additional unit of the variable input adds to ____.
 a. marginal revenue
  b. total output
  c. total revenue
  d. marginal product
  e. none of the above


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TINA

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


clmills979

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Reply 2 on: Jul 1, 2018
Excellent

T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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