The local hairdresser industry has the market structure of monopolistic competition. Your hairdresser boasts that he is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Your hairdresser currently makes a profit His demand marginal revenue marginal cost and average t...View the full answer
Answered By
Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The market structure of the local gas station industry is monopolistic competition. Suppose that currently each gas station incurs a loss. Draw a diagram for a typical gas station to show this...
-
A black female employee is told that she cannot come to work with her hair in decorative braids traditionally worn in Africa, and if she continues to do so, she will be terminated. Does the employee...
-
Why is the firms demand curve flatter than the total market demand curve in monopolistic competition? Suppose a monopolistically competitive firm is making a profit in the short run. What will happen...
-
The chief accountant for Ramsey City needed to make adjusting entries before preparing the citys financial statements for calendar year 2022. She wrote a brief paragraph to guide her assistant in...
-
Assume you are considering a portfolio containing 2 assets, L and M. Asset L will represent 40% of the dollar value of the portfolio, and asset M will account for the other 60%. The expected returns...
-
Suppose the shipping department of a firm charges 20% of its total monthly costs to the printing department and that the printing department charges 10% of its total monthly costs to the shipping...
-
Your college identification number consists of eight digits. Each digit can be 0 through 9 and each digit can be repeated. What is the probability of getting your college identification number when...
-
In Problem, suppose that the objective is to minimize the cost of books and that the student total study time is limited to 12,600 hours. A business student at Nowledge College must complete a total...
-
A zookeeper finds an escaped monkey hanging from a light pole. Aiming her tranquilizer gun at the monkey, she kneels 10.0 m above the ground. At the same moment that the monkey drops a banana, the...
-
Adam and Heidi Larrsson were delighted when Adam landed a new job with a promotion and an increased salary, but disappointed to learn that he would not be eligible for group benefits for the first 90...
-
The restaurant business in town is a monopolistically competitive industry in longrun equilibrium. One restaurant owner asks for your advice. She tells you that, each night, not all tables in her...
-
Magnificent Blooms is a florist in a monopolistically competitive industry. It is a successful operation, producing the quantity that minimizes its average total cost and making a profit. The owner...
-
Two types of barrel units were in use in the I920s in the United States. The apple barrel had a legally set volume of 7056 cubic inches; the cranberry barrel, 5826 cubic inches. If a merchant sells...
-
You are asked to do a capital budgeting evaluation of a new project. The purchase price of machinery is $810,000. The equipment would depreciate according to the 7-year MACRS class ( use the...
-
Aluminum costs $1.417 per pound. If aluminum's density is 2.70g/cm3, how much does 3.0997 cubic feet cost? Record answer to the nearest hundredth place.
-
Given the equation: f(x) = x4 - 3x - 1 Use Newton's method to find the root of this equation when the initial guess is: x = 8.00
-
A colony of bacteria in a petri dish doubles in size every 24 hours. Assuming the colony started with 8 individuals, determine how many bacteria there would be after 1 day, and how many there would...
-
Draw a graph of two sinusoidal waves of the same frequency and amplitude that differ in phase by 180. What term do we apply to two waves that have this phase relationship? Draw a graph of two...
-
Replace the polar equations with equivalent Cartesian equations. Then describe or identify the graph. r = 2 cos - sin
-
Comptech Ltd is a manufacturer of optical equipment. In September 2019, Ed Thompson the Chief Research Officer, attended a conference in Switzerland that focused on optical developments for the 21st...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
If a set of m+1 data points (x,y) are to be represent by a least squares fit of y=c logx derive an expression for c in terms of x and y.
-
5 If 0 = then 4 cos(0) = sin(0) =
-
Determine the reactions of the given beam using slope deflection method. P = 25 kN, P2 = 25 kN, and w = 25 kN/m P1 P2 2m B 2m C 4m 21 Numerical answer in 4 decimal places and positive values only: RA...
Study smarter with the SolutionInn App