« previous next »

Author Question: The marginal revenue of a monopolistically competitive firm A) will equal average revenue. B) ... (Read 117 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
The marginal revenue of a monopolistically competitive firm
 
  A) will equal average revenue.
  B) cannot be negative because the price the firm charges will always be greater than zero.
  C) can be negative if the firm charges a high price.
  D) can be negative if the firm charges a low price.

Question 2

The limitation that a consumer's total expenditure on goods and services purchased cannot exceed the income available is referred to as
 
  A) maximizing behavior. B) economizing behavior.
  C) the budget constraint. D) the price constraint.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
How to find the average value of a function How to find the average value of a function
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library