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

Author Question: Monopoly firms have a downward sloping curve in the short-run because a. They have no close ... (Read 15 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
on: Jul 1, 2018
Monopoly firms have a downward sloping curve in the short-run because
 a. They have no close substitutes
  b. There are no barriers to entry
  c. They have no cost advantage over their rivals
  d. None of the above

Question 2

Emma uses a linear model to forecast quarterly same-store sales at the local Garden Center. The results of her multiple regression is: Sales = 2,800 + 200T - 350D where T goes from 1 to 16 for each quarter of the year from the first quarter of 2006 (06I) through the fourth quarter of 2009 (09 IV). D is a dummy variable which is 1 if sales are in the cold and dreary first quarter, and zero otherwise, because the months of January, February, and March generate few sales at the Garden Center. Use this model to estimate sales in a store for the first quarter of 2010 in the 17th month; that is: 2010 I. Emma's forecast should be:
 a. 5,950
  b. 6,200
  c. 6,350
  d. 6,000
  e. 5,850


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

e


luminitza

  • Member
  • Posts: 555
Reply 2 on: Jul 1, 2018
Gracias!

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Fish come in many shapes and sizes. This is a sea dragon, a close relative of the seahorse. Their le Fish come in many shapes and sizes. This is a sea dragon, a close relative of the seahorse. Their le
Close-ups of Jupiter’s Atmosphere Close-ups of Jupiter’s Atmosphere
The Light Curve of a Nova The Light Curve of a Nova
For kinship analyses buccal swabs from close family are taken for comparison. For kinship analyses buccal swabs from close family are taken for comparison.
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Short form of amino acids Short form of amino acids
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library