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

Author Question: In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at ... (Read 49 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 29, 2018
In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at which marginal cost equals
 
  A) average total cost.
  B) marginal revenue.
  C) price.
  D) zero.

Question 2

According to the quantity theory of money, a 15 percent increase in the quantity of money creates a 15 percent rise in
 
  A) the price level.
  B) the velocity of circulation.
  C) real GDP.
  D) the unemployment rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aham8f

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


sammy

  • Member
  • Posts: 818
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
Firm handshake Firm handshake
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 ...
Interference Competition Interference Competition
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library