« previous next »

Author Question: Product differentiation makes the demand for a monopolistically competitive firm's product: a. ... (Read 201 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
Product differentiation makes the demand for a monopolistically competitive firm's product:
 a. perfectly elastic.
  b. more elastic than for a monopoly.
  c. more inelastic than for a monopoly.
  d. perfectly inelastic.

Question 2

Assume the price of good Y with its quantity measured on the vertical axis is 100 and the price of good X with its quantity measured on the horizontal axis is 10 . If the consumer's budget is 500, then the absolute value of the slope of the budget line is:
 a. 500.
  b. 1/10.
  c. 10.
  d. 100.


aruss1303

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

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

The cartoonist’s hyperbole makes an excellent commentary on the social class disparity of our ... The cartoonist’s hyperbole makes an excellent commentary on the social class disparity of our ...
Defective differentiation and leukemia Defective differentiation and leukemia
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library