« previous next »

Author Question: Refer to the figure above. What is the optimal number of machines rented if the market rental price ... (Read 38 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Refer to the figure above. What is the optimal number of machines rented if the market rental price is 8 per month?
 
  A) 20 machines
  B) 40 machines
  C) 160 machines
  D) 180 machines

Question 2

The marginal revenue curve of a monopolistic competitor ________.
 
  A) lies above the demand curve
  B) lies below the demand curve
  C) is the same as the demand curve
  D) is the same as the supply curve


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

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?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

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.

(a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea (a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea
A thimble of water contains 4.0 x 1021 molecules. The number of moles of H2O is: A thimble of water contains 4.0 x 1021 molecules. The number of moles of H2O is:
The distribution of the number of hours that a random sample of people spend doing chores per ... The distribution of the number of hours that a random sample of people spend doing chores per ...
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library