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

Author Question: In a monopolistically competitive market, the equilibrium price is 21, and each identical firm has a ... (Read 48 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 1, 2018
In a monopolistically competitive market, the equilibrium price is 21, and each identical firm has a fixed cost of 40 and a constant marginal cost of 1. What is the output level of each producer?
 
  A) q = 1
  B) q = 2
  C) q = 2.9
  D) q = 21

Question 2

The labor supply curve for a monopsony is
 
  A) perfectly horizontal.
  B) perfectly vertical.
  C) upward sloping but not perfectly vertical.
  D) downward sloping.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


erika

  • Member
  • Posts: 522
Reply 2 on: Jul 1, 2018
Gracias!

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Identical twins share 100 percent of their segregating genes. Identical twins share 100 percent of their segregating genes.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Identical twins (monozygotic twins) have the same sex and share a single genotype. Identical twins (monozygotic twins) have the same sex and share a single genotype.
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
1.6 Organisms are made up of cells, each of which contains an identical set of genes. 1.6 Organisms are made up of cells, each of which contains an identical set of genes.
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library