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

Author Question: In a cartel A) each firm has an incentive to decrease its own production below the level set by ... (Read 67 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
In a cartel
 
  A) each firm has an incentive to decrease its own production below the level set by the cartel.
  B) the firms' marginal cost equals the price set by the cartel.
  C) each firm has an incentive to lower its price below the level set by the cartel.
  D) each firm has an incentive to raise its price above the level set by the cartel.

Question 2

The above table shows Tammy's total utility from videos and CDs. If Tammy has 70 to spend on videos and CDs and if the price of a video is 10 and the price of a CD is 20, then Tammy maximizes her utility by purchasing
 
  A) 3 CDs and 1 video.
  B) 1 CD and 5 videos.
  C) 2 CDs and 3 videos.
  D) none 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

robbielu01

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
Sea-Level Rise Sea-Level Rise
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.
A Drug’s Plateau Level A Drug’s Plateau Level
A comparison of sperm production and egg production in humans A comparison of sperm production and egg production in humans
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library