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

Author Question: A consumer has 40 that he wants to spend. He is faced with four options: a camera that costs 60, a ... (Read 34 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
A consumer has 40 that he wants to spend. He is faced with four options: a camera that costs 60, a cell phone that costs 150, a book that costs 10, and a Bluetooth speaker that costs 45.
 
  Which of the following is a feasible option for the consumer? A) The book
  B) The camera
  C) The cell phone
  D) The Bluetooth speaker

Question 2

How does the exit of firms from a monopolistically competitive market affect the demand curves faced by the existing firms?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The exit of firms from a monopolistically competitive market shifts the demand curves faced by the existing firms to the right and causes them to become steeper.


nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

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

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Saffron-faced Blue Dart Pseudagrion rubriceps Saffron-faced Blue Dart Pseudagrion rubriceps
wrinkle-faced bat wrinkle-faced bat
Tiny Camera Tiny Camera
Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It
The first published illustration of a camera obscura observing a solar eclipse. The first published illustration of a camera obscura observing a solar eclipse.
A group of children were asked how many hours a day they spend watching television. A group of children were asked how many hours a day they spend watching television.
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library