Entries by Hannah Wangui

opportunity cost

September 17, 2019 in /by

Question See Hinta. What is the opportunity cost for Jody to produce one more pound of nuts?   style=”color:rgb(29,29,29);”>   pounds of coffeeb. What is the opportunity cost for Jody to produce one more pound of coffee?     pounds of nutsc. What is the opportunity cost for Benny to produce one more pound of nuts?     pounds of coffeed. What is the opportunity cost for Benny to produce one more […]

 

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This question was created from Problem_Set_1_Karrie.Gardner

September 17, 2019 in /by

Question This question was created from Problem_Set_1_Karrie.Gardner Questions dealing with macroeconomics. GDP   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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monopolistic competition

September 17, 2019 in /by

Question The concept of markup under monopolistic competition would best be described as the:attempt of firms to make their products look like those of other firms in the industry, thus “marking them up” in a similar style. attempt of firms to mark up their prices above those of their rivals. difference between total revenue and […]

 

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a monopoly firm

September 17, 2019 in /by

Question If a monopoly firm suddenly lost its barriers to entry and faced new competition, yet consumers thought that the former monopoly’s products were somewhat different than its new competitors, then: the industry has probably become perfectly competitive. long-run profit for this firm will likely exist. the industry has probably become a monopolistically competitive industry. […]

 

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