« previous next »

Author Question: If the utility for two goods x and y is measured as U = x + y, then it can be concluded that A) x ... (Read 34 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jul 1, 2018
If the utility for two goods x and y is measured as U = x + y, then it can be concluded that
 
  A) x and y are perfect substitutes.
  B) x and y are perfect complements.
  C) x and y are both bads.
  D) the indifference curves on the x,y graph will be upward sloping.

Question 2

The demand for a monopoly's output is p = 50 - Q. The monopoly's marginal cost is 4 and the market wage is 2. How many units of labor are demanded by the monopoly?
 
  A) L = 46
  B) L = 23
  C) L = 0
  D) L = 10


Jane

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

A simulated-color map of the surface of Venus as measured by synthetic aperture radar on the Magella A simulated-color map of the surface of Venus as measured by synthetic aperture radar on the Magella
Worldly Goods Worldly Goods
Marine myths measured Marine myths measured
After all valves have been properly measured and adjusted as necessary, start the reassembly process ... After all valves have been properly measured and adjusted as necessary, start the reassembly process ...
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
Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library