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 24 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
Wow, this really help

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

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

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

The endocrine control of spermatogenesis. The endocrine control of spermatogenesis.
There are several laws of thermodynamics critical to understanding physical processes. Two of those There are several laws of thermodynamics critical to understanding physical processes. Two of those
The philosophical journey requires self-examination. Your responsibility as a critical thinker is to The philosophical journey requires self-examination. Your responsibility as a critical thinker is to
PGC-1 and SIRT1 control the reprogramming of fuel utilization pathways in response to fasting PGC-1 and SIRT1 control the reprogramming of fuel utilization pathways in response to fasting
Understanding the Essentials of Critical Care Nursing Understanding the Essentials of Critical Care Nursing
Negative Feedback and Temperature Control Negative Feedback and Temperature Control
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library