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

Author Question: A monopolistically competitive firm has the free entry characteristics of ________ and the price ... (Read 76 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jul 1, 2018
A monopolistically competitive firm has the free entry characteristics of ________ and the price setting characteristics of ________.
 
  A) an oligopolistic market; perfect competition
  B) perfect competition; a monopoly
  C) a monopolistic market; a cartel
  D) perfect competition; perfect competition

Question 2

At Joey's Lawncutting Service, the production function is represented as: q = min(m, l), where q is the quantity of lawns mowed. The inputs are m, the lawn mower, and l, the laborer.
 
  Which graph in the above figure best represents the isoquants for Joey's Lawncutting Service when Capital per day is on the vertical axis and Labor per day is on the horizontal axis? A) Graph A
  B) Graph B
  C) Graph C
  D) Graph D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

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

B

Answer to Question 2

A


CORALGRILL2014

  • Member
  • Posts: 525
Reply 2 on: Jul 1, 2018
:D TYSM

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Free Energy Enzymes Free Energy Enzymes
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Type of entry grade 1 Type of entry grade 1
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library