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 38 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
Wow, this really help

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Idealized survivorship curves. Idealized survivorship curves.
Blackbody Curves Blackbody Curves
The Rotation Curves of Four Spiral Galaxies The Rotation Curves of Four Spiral Galaxies
Sarah Sze, Triple Point (Pendulum). Sarah Sze, Triple Point (Pendulum).
An aqueous solution has a normal boiling point of 103.0C. What is the freezing point of this ... An aqueous solution has a normal boiling point of 103.0C. What is the freezing point of this ...
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library