« previous next »

Author Question: Refer to the figure above. What is the optimal number of machines rented if the market rental price ... (Read 55 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?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Which of the following is the most reasonable estimate of the number of characters (typed ... Which of the following is the most reasonable estimate of the number of characters (typed ...
Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: How Hemoglobin Picks Up and Delivers Oxygen

For a complete list of videos, visit our video library