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

Author Question: In the short run, a monopolistically competitive firm can earn A) positive profits only. B) zero ... (Read 149 times)

bb

  • Hero Member
  • *****
  • Posts: 544
on: Jun 29, 2018
In the short run, a monopolistically competitive firm can earn
 
  A) positive profits only.
  B) zero profits only.
  C) zero or positive profits only.
  D) zero, positive or negative profits.

Question 2

How does the original, simplified Keynesian model compare with modern Keynesian analysis?
 
  A) The original Keynesian model assumed price flexibility whereas the modern analysis does not.
  B) In both cases, the short-run aggregate supply curve (SRAS) is horizontal.
  C) Modern analysis shows an upward sloping SRAS to reflect some price flexibility. The original Keynesian model's SRAS is horizontal and assumes sticky prices.
  D) all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lolol

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


bb

  • Member
  • Posts: 544
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

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?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Constant velocity versus positive velocity Constant velocity versus positive velocity
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
The peptidoglycan layer of Gram-positive bacteria The peptidoglycan layer of Gram-positive bacteria
Firm handshake Firm handshake
Video: Heart sounds

For a complete list of videos, visit our video library