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

Author Question: Which of the following results in the superstar effect? a. An increase in the minimum wage for ... (Read 100 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Which of the following results in the superstar effect?
 a. An increase in the minimum wage for sports stars
 b. A decrease in the demand for televisions
 c. A technological improvement due to which a baseball game can be broadcast across the world
  d. A rise in the unemployment rate in the service sector of an economy
 e. A decline in the returns to capital in an economy

Question 2

Suppose that ABC Industries, a perfectly competitive firm, currently produces 500 units of imitation ham spread for a total cost of 1,500 . The marginal cost of the 500th unit is 20, and the marginal revenue of the 500th unit is 15 . To maximize profits, Cheapo Industries should:
 a. continue to produce 500 units.
  b. produce more than 500 units but less than 1500 units.
  c. produce less than 500 units.
  d. produce more than 1500 units.
  e. stop producing at 500 units.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


KWilfred

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

The Coriolis effect and wind direction. The Coriolis effect and wind direction.
Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate
Effect of Zero Gravity on Cosmonaut's Body. Effect of Zero Gravity on Cosmonaut's Body.
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
The Coriolis Effect The Coriolis Effect
phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa
Video: Hormonal regulation of pregnancy - weeks 2 through 38

For a complete list of videos, visit our video library