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 17 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
Excellent

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV. When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Cost of Going to School Cost of Going to School
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Burn Animation

For a complete list of videos, visit our video library