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 61 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
Excellent

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

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?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Inputs and Outputs of the Cerebellum Inputs and Outputs of the Cerebellum
An athlete facial expression after winning a gold medal An athlete facial expression after winning a gold medal
Simplify the following expression Simplify the following expression
Relative expression times and amounts of cyclins during the cell cycle Relative expression times and amounts of cyclins during the cell cycle
Summary of the inputs and outputs of photosynthesis. Summary of the inputs and outputs of photosynthesis.
Video: Sigmoidoscopy

For a complete list of videos, visit our video library