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

Author Question: Because the presence of a warranty for a good is a signal that the good is of high quality, A) ... (Read 65 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
Because the presence of a warranty for a good is a signal that the good is of high quality,
 
  A) consumers are willing and able to pay more for a good that carries a warranty.
  B) consumers are willing to buy goods if and only if the goods come with warranties.
  C) producers do not need to charge extra for warranties.
  D) producers can use warranties to sort out high-risk customers.
  E) producers must make warranties available on all goods.

Question 2

If a competitive firm's marginal cost curve is U-shaped then
 
  A) its short run supply curve is U-shaped too
  B) its short run supply curve is the downward-sloping portion of the marginal cost curve
  C) its short run supply curve is the upward-sloping portion of the marginal cost curve
  D) its short run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short run average variable cost curve
  E) its short run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short run average total cost curve


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jul 1, 2018
Thank you


mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Deconvolution fluorescence microscopy yields high-resolution optical sections th Deconvolution fluorescence microscopy yields high-resolution optical sections th
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
A typical waveform from a knock sensor during a spark knock event. This signal is sent to the ... A typical waveform from a knock sensor during a spark knock event. This signal is sent to the ...
The relation between a raw EMG signal and its integrated version. The volunteer tensed her muscle ... The relation between a raw EMG signal and its integrated version. The volunteer tensed her muscle ...
The diminishing effects on body weight of a low-calorie diet and a high-calorie diet. The diminishing effects on body weight of a low-calorie diet and a high-calorie diet.
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library