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

Author Question: Monopolistic competitive firms in the long run earn: a. positive economic profits. b. zero pure ... (Read 102 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
Monopolistic competitive firms in the long run earn:
 a. positive economic profits.
  b. zero pure economic profits.
  c. negative economic profits.
  d. none of these.

Question 2

The equation for a budget line for goods X and Y, with Px being the price of X, Py being the price of Y, and B being the budget, can be written as:
 a. PxX + PyY = B.
  b. PxX + PyY = 1 / B.
  c. PxX = B + PyY.
  d. PxX / PyY = 1  B.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Excellent

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

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.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Features found in a long bone. Features found in a long bone.
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ... With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ...
economic question economic question
economic question economic question
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library