In the above figure for a monopolistically competitive firm, the profit-maximizing output and price are respectively
A. 50 units and $8.
B. 80 units and $11.
C. 60 units and $9.
D. 60 units and $14.
Answer: D
You might also like to view...
The circumstance in which financial assets are traded freely between countries is referred to as ________
A) purchasing power parity B) capital mobility C) free trade D) asset appreciation
In the real business cycle model, a persistent increase in total factor productivity
A) increases the real wage and increases the price level. B) increases the real wage and decreases the price level. C) decreases the real wage and increases the price level. D) decreases the real wage and decreases the price level.
Diseconomies of scale are associated with: a. a downward sloping long-run average total cost curve. b. an upward sloping long-run average total cost curve. c. a horizontal long-run average total cost curve
d. a vertical long-run average total cost curve.
Organizational structure forms evolved based on
A) new theories of management. B) the ability of new forms to add accounting profits. C) the ability of new forms to cover the cost of capital. D) the ability of new forms to add value.