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Microeconomics
Page 10
Questions (1,509)
What term refers to the total amount of a good or service that is available for purchase?
A. Demand B. Supply C. Scarcity D.
2 answers
asked by
Nani
729 views
Can someone please explain the difference between these, and how they apply to someone that has monotonic preferences? I have
1 answer
asked by
Erin
341 views
1. A principal-agent problems occur when managerial decisions are not consistent with the firm's shareholders' interests. T
2. A
2 answers
asked by
Charles
594 views
Julee has estimated the demand and marginal revenue for her product. They are P = 100 − 2Q (quantity) and MR = 100 − 4Q,
2 answers
asked by
Jesus
853 views
At the present price of $20 per unit, the firm is selling 2000 units of a good. It believes that the price elasticity of demand
1 answer
asked by
celina
422 views
A firm currently uses 50,000 workers to produce 120,000 units of output per day. The daily wage per worker is $100, and the
2 answers
asked by
Samantha
575 views
An entrepreneur has the following costs and revenue functions: TC = 30 + 3Q and TR = 4Q. Calculate the equilibrium quantity
1 answer
asked by
andrea
385 views
Two firms produce the same good and compete against each other in a Cournot market. The market demand for their product is P =
4 answers
asked by
Cole
2,802 views
When production is 3000, marginal revenue is 7 dollars per unit and marginal cost is 5 dollars per unit. Do you expect maximum
2 answers
asked by
Anonymous
566 views
What is the law of demand and dimishing marginal approach
1 answer
asked by
Anonymous
386 views
In the shortrun function of a company with a constant variable cost is given by the equation q=225+55q,where TC is the total
2 answers
asked by
Grace pebetse
593 views
supply and demand affect the price of oil
1 answer
asked by
bella
403 views
A consumer consuming two commodities X and Y has the following utility function U=X1.5Y.If the price of the two commodities are
3 answers
asked by
Salahadin Abdi
57 views
Consider the problem of a firm that needs to decide how much output, denoted by x, to sell.
The marginal revenue function of the
2 answers
asked by
Kamini
568 views
How do you calculate economic profit without knowing the quantity?
Here is the information included in the question I'm trying to
1 answer
asked by
kailee
473 views
a monopoly firm is faced with the following demand functio P=13-0.5Q the marginal cost function is given by 3+4Q and a fixed
1 answer
asked by
Nairobi university
474 views
An industry has only two firms producing outputs y1 and y2, respectively. The first firm has a
cost function of TC(y1) = 20 +
2 answers
asked by
EJ
527 views
Hamburgers supply and demand puzzle
2 answers
asked by
Tom
485 views
according to the law of demand what role do low prices serve for buyers?
3 answers
asked anonymously
83 views
6)Assume the graph below represents the market demand for a patented prescription drug together with the firm-level marginal
1 answer
asked by
Anonymous
426 views
First,label the following scenarios as to whether they would create a producer or consumer surplus. Then, after you have labeled
4 answers
asked by
marg
1,028 views
Producer surplus is shown graphically as the area:
under the demand curve and above the market price. under the demand curve and
3 answers
asked by
joshkuss
1,739 views
Producer surplus is the difference between:
the maximum price a seller is willing to accept and the market price. the maximum
2 answers
asked by
joshkuss
725 views
The short-run price elasticity of demand for tires is 0.90. The mid-point formula was used for this calculation.
Part 2 If
5 answers
asked by
AOL
38 views
Does this production possibilities curve reflect the law of increasing opportunity costs.explain
2 answers
asked by
Y
639 views
a. What is the price elasticity of demand along the range of the demand curve between a price of $0.80 and quantity of 10 per
3 answers
asked by
AOL
68 views
Use the concept of demand price elasticity to explain why grocery store items are often available to shoppers who have
1 answer
asked by
Terri
504 views
What is an opportunity cost of cancellong cable?
19 answers
asked by
Anonymous
456 views
can someone teach me how to calculate per unit opportunity cost
2 answers
asked by
jake
647 views
Suppose that a firm determines that its marginal revenue is greater than its marginal cost, it would better to
2 answers
asked by
Natisha Duty
900 views
Purely competitive firms increase total revenue by
a. increasing production b. decreasing production c. increasing price d.
3 answers
asked by
Natisha Duty
574 views
You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the
1 answer
asked by
bob
510 views
I need help to answer this question?
You want to determine the profit-maximizing production quantity for a monopolist. You can
4 answers
asked by
bob
568 views
how to derive marginal utility of income?
1 answer
asked by
geet
397 views
A key determinant of the price elasticity of supply is
2 answers
asked by
Anonymous
659 views
economics- what is the law called where cost of input increases so cost of output must increase (in order to keep max profit)
1 answer
asked by
sara
374 views
Could you please help me with this problem:
Consider an oligopolistic market with two firms. Each of them produces using a cost
1 answer
asked by
Tia
512 views
Consider a market in which consumption of the good being traded generates a positive externality.
There are 100 identical
1 answer
asked by
hamna
459 views
Can someone please help me with a hint to solve this problem?? I'm struggling really hard with this.
"Consider an oligopolistic
6 answers
asked by
Anonymous
504 views
Can someone please help me with a hint to solve this problem?? I'm struggling really hard with this.
Thanks!!! "Consider an
3 answers
asked by
Rob
482 views
Can someone help me with a hint to solve this problem?? Thanks!!!
"Consider an oligopolistic market with two firms. Each of them
1 answer
asked by
JJ
448 views
Consider the problem of a competitive firm which has fixed costs of $1000, semi-fixed-costs of $1000, and variable costs given
1 answer
asked by
Jenney
486 views
Consider the problem of a competitive firm which has fixed costs of $1000, semi-fixed-costs of $1000, and variable costs given
4 answers
asked by
Anonymous
446 views
1.. Suppose that U(x; y) = min(x; y) with px = 1 and py = 1. Describe and
illustrate the income and substitution effects of an
2 answers
asked by
Anonymous
637 views
1. Think of any real-world business and assume that this business intends to increase its price. Explain what this business
2 answers
asked by
tony
517 views
Could someone please help me to asnwer these tw economics questions?
The following table shows the marginal benefits (MB) of
2 answers
asked by
Kaunis
620 views
An individual's income rises from $88 comma 000
per year to $92 comma 000 per year, and as a consequence the
5 answers
asked by
AOL
30 views
Show that the maximum profit occurs when the marginal revenue equals the marginal cost.
I'm pretty sure this is supposed to be
1 answer
asked by
Lindsay
475 views
College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of
1 answer
asked by
Terita
1,050 views
french horns and trumpets are substitutes in production. if the price of trumpets rises how will this affect equilibrium in the
1 answer
asked by
Jake
415 views
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