« previous next »

Author Question: Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are ... (Read 28 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 29, 2018
Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Real GDP in 2012 is equal to
 
  A) 800.
  B) 640.
  C) 625.
  D) 500.
  E) 200.

Question 2

The quantity produced in a monopolistically competitive market is ________ than the quantity produced in a perfectly competitive market, and the price charged in a monopolistically competitive market is ________ than the price charged in a perfectly
 
  competitive market. A) higher; higher
  B) lower; higher
  C) higher; lower
  D) lower; lower


CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #2 on: Jun 29, 2018
Thank you :)


CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Observed change in surface temperature from 1901 to 2012 Observed change in surface temperature from 1901 to 2012
(a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces (a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library