This topic contains a solution. Click here to go to the answer

Author Question: A monopolistically competitive firm has the free entry characteristics of ________ and the price ... (Read 37 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
A monopolistically competitive firm has the free entry characteristics of ________ and the price setting characteristics of ________.
 
  A) an oligopolistic market; perfect competition
  B) perfect competition; a monopoly
  C) a monopolistic market; a cartel
  D) perfect competition; perfect competition

Question 2

At Joey's Lawncutting Service, the production function is represented as: q = min(m, l), where q is the quantity of lawns mowed. The inputs are m, the lawn mower, and l, the laborer.
 
  Which graph in the above figure best represents the isoquants for Joey's Lawncutting Service when Capital per day is on the vertical axis and Labor per day is on the horizontal axis? A) Graph A
  B) Graph B
  C) Graph C
  D) Graph D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

B

Answer to Question 2

A




CORALGRILL2014

  • Member
  • Posts: 525
Reply 2 on: Jul 1, 2018
Gracias!


Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

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?

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.

For a complete list of videos, visit our video library