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

Author Question: In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic ... (Read 36 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic profit will be
 
  A) zero.
  B) between zero and 50 per day.
  C) greater than 50 per day.
  D) some amount that cannot be determined without more information.

Question 2

In the figure above, the Lorenz curve that shows the least inequality, but NOT perfect equality, is
 
  A) curve A.
  B) curve B.
  C) curve C.
  D) curve D.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Excellent

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Competitive inhibition Competitive inhibition
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco. Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco.
economic question economic question
economic question economic question
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library