« previous next »

Author Question: A kink in the demand curve facing an oligopolist is caused by: a. the belief that competitors will ... (Read 74 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
A kink in the demand curve facing an oligopolist is caused by:
 a. the belief that competitors will follow price increases but not match price decreases.
  b. excessive advertising.
  c. rapidly rising marginal revenues.
  d. the assumption that competitors will follow price reductions but not price increases.

Question 2

A farm is able to produce 10,000 bushels of peanuts per season on 10 acres. Assume it adds one more acre and is able to produce 12,000 bushels per season. The marginal product of the additional acre of land for this farm is:
 a. 10,000 bushels per acre per year.
  b. 1,200 bushels per acre per year.
  c. 2,000 bushels per acre per year.
  d. 12,000 bushels per acre per year.


orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Hematoma. A hematoma around the right eye caused by an injury. A hematoma is the result of bleeding Hematoma. A hematoma around the right eye caused by an injury. A hematoma is the result of bleeding
Inflammation. Inflammation is characterized by the presence of swelling, redness, heat, and pain. Sw Inflammation. Inflammation is characterized by the presence of swelling, redness, heat, and pain. Sw
Inflammation of the oropharynx and petechiae (small red spots) on the soft palate caused by strep ... Inflammation of the oropharynx and petechiae (small red spots) on the soft palate caused by strep ...
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent) Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent)
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library