« previous next »

Author Question: Bob's Baubles, Inc, sells its product for 3 each in a perfectly competitive market. If it increases ... (Read 47 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Bob's Baubles, Inc, sells its product for 3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Bob should hire the 1,001st worker only if:
 a. the wage is more than 30 per day.
  b. the wage is 30 or less per day.
 c. the wage is less than 10 per day.
  d. the wage is less than 3 per day.

Question 2

Successive monopolies face the problem of:
 a. double marginalization.
  b. volumetric interdependence.
  c. opportunism.
  d. predatory pricing.


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
To find the derivative use product rule To find the derivative use product rule
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library