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

Author Question: Which of the following is NOT an expression for the cost minimizing combination of inputs? A) ... (Read 56 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
Which of the following is NOT an expression for the cost minimizing combination of inputs?
 
  A) MRTS = MPL /MPK
  B) MPL/w = MPK/r
  C) MRTS = w/r
  D) MPL/MPK = w/r
  E) none of the above

Question 2

What happens to an incumbent firm's demand curve in monopolistic competition as new firms enter?
 
  A) It shifts right.
  B) It shifts left.
  C) It becomes horizontal.
  D) New entrants will not affect an incumbent firm's demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


torybrooks

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

How to use right endpoints to find an expression showing the area of a function How to use right endpoints to find an expression showing the area of a function
Organic approaches and the reduction of inputs and pollution Organic approaches and the reduction of inputs and pollution
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Gene Expression Gene Expression
Which outcome corresponds to the combination of copper(II) and sulfide ions shown in the ... Which outcome corresponds to the combination of copper(II) and sulfide ions shown in the ...
Expression of the Antennapedia Gene Expression of the Antennapedia Gene
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library