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

Author Question: If a firm spends 600 more on advertising, its goal is for the demand curve for its product to shift ... (Read 45 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jun 29, 2018
If a firm spends 600 more on advertising, its goal is for the demand curve for its product to shift ________ and its marginal revenue curve to shift ________.
 
  A) leftward; rightward
  B) leftward; leftward
  C) rightward; leftward
  D) rightward, rightward

Question 2

A student wrote: Monopolistic competition is a market structure in which a small number of firms compete by making an identical product. If you were the instructor, how would you correct this statement?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The answer is wrong in several respects: Monopolistic competition is a market structure in which a small large number of firms compete by making an identical product similar but slightly different products.


rmenurse

  • Member
  • Posts: 513
Reply 2 on: Jun 29, 2018
:D TYSM

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Four Arch Curve Four Arch Curve
An Inverted U Curve An Inverted U Curve
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
How to shift and reflect a square root function using transformations How to shift and reflect a square root function using transformations
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library