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

Author Question: A duopoly occurs when ________. A) there are only two producers of a particular good competing in ... (Read 49 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 29, 2018
A duopoly occurs when ________.
 
  A) there are only two producers of a particular good competing in the same market
  B) there are two producers of two goods competing in an oligopoly market
  C) there are numerous producers of two goods competing in a competitive market
  D) the one producer of two goods sells the goods in a monopoly market

Question 2

Lily has 10 to spend each week on fish and chicken. Fish costs 2 a serving and chicken costs 3 a serving. The table shows Lily's marginal utilities of fish and chicken. Lily will consume ________ servings of chicken and ________ of fish each week.
 
  A) 4; 0
  B) 1; 3
  C) 0; 5
  D) 2; 2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


erika

  • Member
  • Posts: 522
Reply 2 on: Jun 29, 2018
Wow, this really help

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

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?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

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.

Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Biosynthesis of methionine and threonine from homoserine, as it occurs in plants and bacteria Biosynthesis of methionine and threonine from homoserine, as it occurs in plants and bacteria
Climate change occurs over millions of years Climate change occurs over millions of years
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ... If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ...
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library