« previous next »

Author Question: A kink in the demand curve facing an oligopolist is caused by: a. the belief that competitors will ... (Read 22 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
A kink in the demand curve facing an oligopolist is caused by:
 a. the belief that competitors will follow price increases but not match price decreases.
  b. excessive advertising.
  c. rapidly rising marginal revenues.
  d. the assumption that competitors will follow price reductions but not price increases.

Question 2

A farm is able to produce 10,000 bushels of peanuts per season on 10 acres. Assume it adds one more acre and is able to produce 12,000 bushels per season. The marginal product of the additional acre of land for this farm is:
 a. 10,000 bushels per acre per year.
  b. 1,200 bushels per acre per year.
  c. 2,000 bushels per acre per year.
  d. 12,000 bushels per acre per year.


orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Rituals such as the sacrament of the Anointing of the Sick are important expressions of religious be Rituals such as the sacrament of the Anointing of the Sick are important expressions of religious be
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Cystic fibrosis is caused by a mutation in a protein called CFTR Cystic fibrosis is caused by a mutation in a protein called CFTR
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 ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library