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

Author Question: If the compensated (Hicks) and Marshall demand curves for a good intersect, at that point the ... (Read 78 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
If the compensated (Hicks) and Marshall demand curves for a good intersect, at that point the Marshall curve will be:
 a. flatter if this is a normal good.
  b. steeper if this is a normal good.
  c. flatter if this is an inferior good.
  d. horizontal.

Question 2

A monopolist faces the following demand curve: P = 12 - .3Q with marginal costs of 3 . What is the monopolistic PRICE?
 a. P = 5.50
  b. P = 6.50
  c. P = 7.50
  d. P = 8.50
  e. P = 9.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jul 1, 2018
:D TYSM

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri
Blackbody Curves Blackbody Curves
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
Good body mechanics for lifting heavy objects. Good body mechanics for lifting heavy objects.
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library