Monopolistic competitive firms in the long run earn: a. positive ...

[kshipps]

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.

[gabrielle_lawrence]

Answer to Question 1

b

Answer to Question 2

a

[kshipps]

Thanks for the timely response, appreciate it

[T4T]

Gracias!