« 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 11 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?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

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.
The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
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
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ... Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ...
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library