Homework

Homework Questions? Ask a Tutor for Answers ASAP

Connect one-on-one with {0} who will answer your question

Related Homework Questions
1. Economics is best defined as the study of: (Points: 10)
1. Economics is best defined as the study of: (Points: 10) how consumers make purchasing decisions. inflation, unemployment and economic growth. choices made by people faced with scarcity. financial d… read more
Kimberley Wright
Kimberley Wright
Masters
152 satisfied customers
FOR LINDA 41. Economic profit affects Answer the allocation
FOR LINDA 41. Economic profit affects: Answer the allocation of resources, but not the level of resource use. the level of resource use, but not the allocation of resources. the allocation of resource… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
FOR NEO 16. Assume a firm purchases resources a and b under
FOR NEO 16. Assume a firm purchases resources a and b under purely competitive conditions and combines these resources to produce X. Product X is sold in a purely competitive market. The MP of a and b… read more
Neo
Neo
11,772 satisfied customers
FOR LINDA 21. There is some evidence to suggest that X-inefficiency
FOR LINDA 21. There is some evidence to suggest that X-inefficiency is: Answer absent whenever two or more producers are competing with one another. not encountered in either competitive or monopolist… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
16. http //imageshack.us/photo/my-images/543/unledzyr.jpg/ 17.
16. http://imageshack.us/photo/my-images/543/unledzyr.jpg/ 17. http://imageshack.us/photo/my-images/51/unledhar.jpg/ 18. A pure monopolist is selling 6 units at a price of $12. If the marginal revenue… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
21. http //imageshack.us/photo/my-images/808/unledwwn.jpg/ 22.
21. http://imageshack.us/photo/my-images/808/unledwwn.jpg/ 22. There is some evidence to suggest that X-inefficiency is: Answer absent whenever two or more producers are competing with one another. no… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
11. http //imageshack.us/photo/my-images/840/unledjm.jpg/ 12.
11. http://imageshack.us/photo/my-images/840/unledjm.jpg/ 12. If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, we can ex… read more
Neo
Neo
11,772 satisfied customers
26. http //imageshack.us/photo/my-images/546/unledmeu.jpg/ 27.
26. http://imageshack.us/photo/my-images/546/unledmeu.jpg/ 27. http://imageshack.us/photo/my-images/42/unledlly.jpg/ 28. http://imageshack.us/photo/my-images/13/unlediqv.jpg/ 29. Extensive network eff… read more
Bizhelp
Bizhelp
CPA
Bachelor's Degree
1,887 satisfied customers
1. http //imageshack.us/photo/my-images/717/unledvsu.jpg/ 2.
1. http://imageshack.us/photo/my-images/717/unledvsu.jpg/ 2. If a pure monopolist can engage in price discrimination: Answer the marginal revenue curve and the total revenue curve will now coincide. t… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
21. Monopolistic competition resembles pure competition because Answer both
21. Monopolistic competition resembles pure competition because: Answer both industries emphasize nonprice competition. in both instances firms will operate at the minimum point on their long-run aver… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
1. When a monopolistically competitive firm is in long-run
1. When a monopolistically competitive firm is in long-run equilibrium: Answer production takes place where ATC is minimized. marginal revenue equals marginal cost and price equals average total cost.… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
7,291 satisfied customers
For Jabi, 8. Monopolistically competitive firms do not achieve
For Jabi, 8. Monopolistically competitive firms do not achieve productive efficiency because (Points : 1) entry of firms raises production costs in the long run barriers to entry allow profit to be ea… read more
Jabi
Jabi
Tutor
Master's Degree
1,795 satisfied customers
1. Which of the following is not necessarily a characteristic
1. Which of the following is not necessarily a characteristic of perfect competition? (Points: 1) low prices a large number of buyers and sellers a homogeneous product perfect information 2. In the sh… read more
Bizhelp
Bizhelp
CPA
Bachelor's Degree
1,887 satisfied customers
26. The most important determinant of price elasticity of supply
26. The most important determinant of price elasticity of supply is (Points: 1) price elasticity of demand technological conditions such as how rapidly costs increase when a firm increases its output … read more
getsetgo
getsetgo
Master's Degree
2,385 satisfied customers
Joanne, could you check to see if my answers are correct Thank
Joanne, could you check to see if my answers are correct? Thank you very much! 1. Patent laws a.reduce incentive to innovate by restricting market entry b. reduce incentive to innovate by making it di… read more
Joanne
Joanne
Bachelor's Degree
3,109 satisfied customers
Which of the following is not a barrier to entry A) economies
Which of the following is not a barrier to entry? A) economies of scale B) X-inefficiency C) patents D) ownership of essential resources 2. If a firm in a purely competitive industry is confronted wit… read more
SK
SK
Master's Degree
62 satisfied customers
Which of the following is true of marginal revenue for a monopolist
Which of the following is true of marginal revenue for a monopolist that charges a single price? a) P= MR because there are no close substitutes for the monopolist's product b) P > MR because the m… read more
skywalker
skywalker
Doctoral Degree
94 satisfied customers
MicroEconomics - Multiple Choice Questions- Part 3
If the loss-minimizing output for a perfectly competitive firm is zero, then, at all other output levels, a) price must be greater than average variable cost b) the marginal cost curve must slope down… read more
skywalker
skywalker
Doctoral Degree
94 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

LogicPro

LogicPro

Engineer

14,482 satisfied customers

Expert in Python,Java C++ C C# VB Javascript Design SQL HTML

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

4,720 satisfied customers

More than 5000 online tutoring sessions.

Linda_us

Linda_us

Finance, Accounts & Homework Tutor

7,291 satisfied customers

Post Graduate Diploma in Management (MBA)

Chris M.

Chris M.

M.S.W. Social Work

2,850 satisfied customers

Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

F. Naz

Chartered Accountant

2,270 satisfied customers

Experience with chartered accountancy

Bizhelp

Bizhelp

CPA

1,887 satisfied customers

Bachelors Degree and CPA with Accounting work experience

Jabi

Jabi

Tutor

1,795 satisfied customers

I've been an Expert on JustAnswer since July 2010.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x