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

Author Question: Firm A charges 8.50 for each unit of Good X. If the average total cost of producing 1,000 units of ... (Read 139 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
Firm A charges 8.50 for each unit of Good X. If the average total cost of producing 1,000 units of Good X is 12 and the market for Good X is monopolistically competitive, Firm A ________ by producing 1,000 units of Good X.
 
  A) earns a profit of 3,500
  B) earns a profit of 1,000
  C) incurs a loss of 1,000
  D) incurs a loss of 3,500

Question 2

Which of the following examples best describes the concept of free entry?
 
  A) Jack has an old cell phone that he wants to sell. He opens an account on eBay and auctions it off.
  B) Purecircuit Cor


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Wow, this really help

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
A Scatterplot of the Test Scores and Average Grades of 10 Students A Scatterplot of the Test Scores and Average Grades of 10 Students
How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
How to convert between imperial and metric units (Part 2) How to convert between imperial and metric units (Part 2)
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library