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Author Question: Refer to the figure above. The optimal quantity produced by the monopolistic competitor is ________. ... (Read 35 times)

go.lag

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on: Jun 29, 2018
Refer to the figure above. The optimal quantity produced by the monopolistic competitor is ________.
 
  A) Q1
  B) Q2
  C) Q3
  D) Q4

Question 2

Refer to the table above. If the price of a chair increases to 15, and the rental price of machines is 90 per day, up to how many machines should the firm rent to maximize profits?
 
  A) 1
  B) 3
  C) 5
  D) 6


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debra928

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


go.lag

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

meow1234

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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