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

Author Question: Which of these contributes to the existence of monopoly power? a. the control of critical resources ... (Read 47 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
Which of these contributes to the existence of monopoly power?
 a. the control of critical resources
 b. legal barriers
 c. patents
 d. All of the above contribute to the existence of monopoly power.

Question 2

Jeff owns a garage and has 3 mechanics to help him. With the tools used being fixed in the short run, his production function is given by 5 + 2L = Y , where L is the number of mechanics and Y is the number of cars they can fix. If Jeff hires a fourth mechanic, what will be the marginal product of the new mechanic hired?
 a. 11
  b. 13
  c. 2
  d. 7


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

C


faduma

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
:D TYSM

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Surface Water Resources Surface Water Resources
The League of Nations, the Kellogg-Briand Pact, the Nine-Power Treaty—all were mere scraps of ... The League of Nations, the Kellogg-Briand Pact, the Nine-Power Treaty—all were mere scraps of ...
Heat Exchanger Block Diagram Feedforward Control Heat Exchanger Block Diagram Feedforward Control
Homeostasis and negative feedback as related to control of body temperature. Homeostasis and negative feedback as related to control of body temperature.
Control of the anterior and posterior pituitary by the hypothalamus. Control of the anterior and posterior pituitary by the hypothalamus.
Exponential Function vs. Power Function Exponential Function vs. Power Function
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library