« previous next »

Author Question: A firm that has market power A) can charge whatever it wants for its product. B) can charge a ... (Read 65 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
A firm that has market power
 
  A) can charge whatever it wants for its product.
  B) can charge a price above marginal cost.
  C) has positive economic profits.
  D) does not lose sales when increasing price.

Question 2

The rate at which a consumer must give up y to get one more x is equal to
 
  A) -Px/Py.
  B) -Py/Px.
  C) -MUx/MUy.
  D) MUy/MUx.


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

The Chernobyl, Ukraine, Nuclear Power Plant Disaster The Chernobyl, Ukraine, Nuclear Power Plant Disaster
The schematic of a variable valve timing control circuit, showing that battery power (+) is being ... The schematic of a variable valve timing control circuit, showing that battery power (+) is being ...
The relative penetrating power of alpha, beta, and gamma radiation. Gamma and neutron radiation are ... The relative penetrating power of alpha, beta, and gamma radiation. Gamma and neutron radiation are ...
The Tōhoku earthquake: shaking Japan’s trust in nuclear power The Tōhoku earthquake: shaking Japan’s trust in nuclear power
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Are these the correct answers for finding the derivative using the power rule? Are these the correct answers for finding the derivative using the power rule?
Video: Audiology

For a complete list of videos, visit our video library