This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Monopolistic competitive firms in the long run earn: a. positive economic profits. b. zero pure ... (Read 112 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
Monopolistic competitive firms in the long run earn:
 a. positive economic profits.
  b. zero pure economic profits.
  c. negative economic profits.
  d. none of these.

Question 2

The equation for a budget line for goods X and Y, with Px being the price of X, Py being the price of Y, and B being the budget, can be written as:
 a. PxX + PyY = B.
  b. PxX + PyY = 1 / B.
  c. PxX = B + PyY.
  d. PxX / PyY = 1  B.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
:D TYSM

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Economic and Social Development Economic and Social Development
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
economic question economic question
economic question economic question
economic question economic question
Video: Decubitus Ulcer

For a complete list of videos, visit our video library