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

Author Question: A market in which firms can enter and leave so easily that firms in the market face competition from ... (Read 160 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
A market in which firms can enter and leave so easily that firms in the market face competition from potential entrants is called a
 
  A) contestable market.
  B) cartel.
  C) limit pricing market.
  D) monopolistic competition market.

Question 2

Becky decides to spend 50 per month on DVD rentals and movie tickets. Her marginal utility schedules from these two goods are shown in the table above. The price of a DVD rental is 2.50, and the price of a movie ticket is 5.
 
  Suppose Becky rents 8 DVDs and buys 6 movie tickets per month. She A) cannot increase her total utility because she already gets the maximum possible utility from DVD rentals and movies within her budget.
  B) can increase her total utility if she rents more DVDs and buys more movie tickets.
  C) can increase her total utility if she rents more DVDs and buys fewer movie tickets.
  D) can increase her total utility if she rents fewer DVDs and buys more movie tickets.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
Gracias!

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Competition among Paramecium species. Competition among Paramecium species.
Cushing syndrome. This syndrome includes the symptoms of obesity, moon face, hyperglycemia, and musc Cushing syndrome. This syndrome includes the symptoms of obesity, moon face, hyperglycemia, and musc
Face muscles Face muscles
Apply effleurage to face with palms. Place the hands gently on the face with fingertips at the jaw. ... Apply effleurage to face with palms. Place the hands gently on the face with fingertips at the jaw. ...
Removal of the Face of One of the Colossal Sculptures of Ramses II at Abu Simbel in the Mid 1960s Removal of the Face of One of the Colossal Sculptures of Ramses II at Abu Simbel in the Mid 1960s
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library