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

Author Question: Which of the following is NOT an expression for the cost minimizing combination of inputs? A) ... (Read 59 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
Which of the following is NOT an expression for the cost minimizing combination of inputs?
 
  A) MRTS = MPL /MPK
  B) MPL/w = MPK/r
  C) MRTS = w/r
  D) MPL/MPK = w/r
  E) none of the above

Question 2

What happens to an incumbent firm's demand curve in monopolistic competition as new firms enter?
 
  A) It shifts right.
  B) It shifts left.
  C) It becomes horizontal.
  D) New entrants will not affect an incumbent firm's demand curve.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

A

Answer to Question 2

B




torybrooks

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library