« previous next »

Author Question: Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are ... (Read 65 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?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
Workshop of Kane Kwei, Coffin in the shape of a film projector, Teshi area, Ghana, Africa. 2013. Workshop of Kane Kwei, Coffin in the shape of a film projector, Teshi area, Ghana, Africa. 2013.
Arctic sea ice in 2012 Arctic sea ice in 2012
Estimated New Cases of Selected Cancers in the USA, 2012 Estimated New Cases of Selected Cancers in the USA, 2012
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library