« previous next »

Author Question: Which of the following is not a characteristic of long-run equilibrium in a monopolistically ... (Read 45 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Which of the following is not a characteristic of long-run equilibrium in a monopolistically competitive market?
 
  A) Production is at minimum average total cost. B) Marginal revenue equals marginal cost.
  C) Selling price equals average total cost. D) Selling price is greater than marginal cost.

Question 2

The median voter model implies that
 
  A) people in the political middle will be dissatisfied with the amount of spending on government funded projects.
  B) spending on government funded projects reflects the preferences of only those far away from the median.
  C) many people will be satisfied with the amount of spending on government funded projects.
  D) many people will be dissatisfied with the amount of spending on government funded projects.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Long-Range Forecasts Long-Range Forecasts
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Use palms and fingers to brush off along the back of the body from shoulders to feet with long ... Use palms and fingers to brush off along the back of the body from shoulders to feet with long ...
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library