« previous next »

Author Question: The kinked demand theory attempts to explain why an oligopolistic firm: a. has relatively large ... (Read 59 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 30, 2018
The kinked demand theory attempts to explain why an oligopolistic firm:
 a. has relatively large advertising expenditures.
  b. fails to invest in research and development (R and D).
  c. infrequently changes its price.
  d. engages in excessive brand proliferation.

Question 2

If the units of variable input in a production process are 1, 2, 3, 4, and 5, and the corresponding total outputs are 30, 34, 37, 39, and 40, respectively. The marginal product of the fourth unit is:
 a. 2.
  b. 1.
  c. 37.
  d. 39.


1_Step_At_ATime

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

A star-forming region in the Large Magellanic Cloud. A star-forming region in the Large Magellanic Cloud.
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
The presence of large areas of methane hydrate The presence of large areas of methane hydrate
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Anatomy of the Large Intestine (colon) Anatomy of the Large Intestine (colon)
A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960 A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library