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

Author Question: At the profit-maximizing output, price is greater than marginal cost a. for a monopolistically ... (Read 23 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 30, 2018
At the profit-maximizing output, price is greater than marginal cost
 a. for a monopolistically competitive firm only in the short run
  b. for a monopolistically competitive firm only in the long run
  c. for a monopolistically competitive firm in both the short run and the long run
  d. for a perfectly competitive firm only in the short run
  e. for a perfectly competitive firm only in the long run

Question 2

Special-interest legislation that imposes costs broadly over many taxpayers can be enacted because
 a. taxpayers benefit from this type of legislation
  b. taxpayers remain rationally ignorant of the legislation
  c. only the wealthy pay these taxes
  d. these taxes are actually borne by a minority of taxpayers
  e. the Constitution requires special-interest legislation


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

Medication errors are three times higher among children and infants than with adults.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Urine output. Urine output.
Men who are at risk for heart disease and report work-related stressors are at greater risk of death ... Men who are at risk for heart disease and report work-related stressors are at greater risk of death ...
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
Cost of Going to School Cost of Going to School
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library