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 46 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

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Free energy change during electron transport Free energy change during electron transport
Characteristics of a Eukaryotic Cell Characteristics of a Eukaryotic Cell
Testing the Chemical Characteristics of Urine with Reagent Strips Testing the Chemical Characteristics of Urine with Reagent Strips
A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ... A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ...
Weather Characteristics of North American Air Masses Weather Characteristics of North American Air Masses
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Atrophy

For a complete list of videos, visit our video library