« previous next »

Author Question: Refer to Scenario 14.2. If each unit of output sells for 5, how many days of labor will the firm ... (Read 112 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
Refer to Scenario 14.2. If each unit of output sells for 5, how many days of labor will the firm hire to maximize profit?
 
  A) 1
  B) 2
  C) 3
  D) 4
  E) 5

Question 2

What condition may provide for a relatively small degree of inefficiency under monopolistic competition?
 
  A) There is a single seller and no product differentiation.
  B) The marginal cost of production is less than the market price.
  C) The demand curve is relatively elastic so that the price is near the long-run minimum average cost.
  D) There is only one buyer in the market.


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

sam.t96

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 1, 2018
Correct answers!


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

The medical assistant is measuring the urine output from a patient who has an indwelling Foley ... The medical assistant is measuring the urine output from a patient who has an indwelling Foley ...
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library