« previous next »

Author Question: The entry of new firms into a monopolistic competitive industry will shift the: a. market demand ... (Read 78 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
The entry of new firms into a monopolistic competitive industry will shift the:
 a. market demand curve to the right.
  b. market demand curve to the left.
  c. existing firm's demand curve to the right.
  d. existing firm's demand curve to the left.
  e. market supply curve to the left.

Question 2

Which of the following would be considered an implicit cost?
 a. Health insurance of employees paid for by the firm
  b. The water bill of the firm
  c. The salaries paid to the managers of the firm
  d. Foregone rent on assets owned by the firm


wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
Time-of-entry mapping Time-of-entry mapping
Video: Red Blood Cells - Erythropoietin (EPO)

For a complete list of videos, visit our video library