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Author Question: In a monopolistically competitive market, the equilibrium price is 21, and each identical firm has a ... (Read 14 times)

erika

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on: Jul 1, 2018
In a monopolistically competitive market, the equilibrium price is 21, and each identical firm has a fixed cost of 40 and a constant marginal cost of 1. What is the output level of each producer?
 
  A) q = 1
  B) q = 2
  C) q = 2.9
  D) q = 21

Question 2

The labor supply curve for a monopsony is
 
  A) perfectly horizontal.
  B) perfectly vertical.
  C) upward sloping but not perfectly vertical.
  D) downward sloping.
Microeconomics ¦ Perloff ¦ 8th Edition
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upturnedfurball

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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erika

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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