« 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 20 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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Skin signs are objective evidence of an illness or disorder. They can be seen, measured, or felt. Skin signs are objective evidence of an illness or disorder. They can be seen, measured, or felt.
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Examples of characteristics measured by palpation Examples of characteristics measured by palpation
The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968. The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968.
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library