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Author Question: Monopolistic competitive firms in the long run earn: a. positive economic profits. b. zero pure ... (Read 84 times)

kshipps

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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.


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gabrielle_lawrence

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


kshipps

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ricroger

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Reply 3 on: Yesterday
Excellent

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