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Microeconomics
Page 3
Questions (1,509)
8. A rational consumer spends all of her income on two goods: Apple and Banana.
Suppose the last dollar spent on Apple increased
2 answers
asked by
Fituma Furgasa Worku
66 views
How does a change in demand affect price and quantity
2 answers
asked by
Ashley
44 views
In a hypothetical country, the population is expected to increase by 25% following recent legislation relaxing the barriers that
1 answer
asked by
Somebody23
126 views
In a hypothetical country, the population is expected to increase by 25% following recent legislation relaxing the barriers that
3 answers
asked by
Somebody23
191 views
As the price of a good or service increases, consumers will purchase a lower quantity of that good or service due, in part, to
1 answer
asked by
Somebody23
93 views
How does opportunity cost affect people's wants and needs?
2 answers
asked anonymously
63 views
1....is a curve that shows the various possible combinations of goods and services that the society can produce given its
2 answers
asked by
Ayansa Dabesa soboka
62 views
Choose the correct answer among the given alternatives.
1.......is a tabular representation of the relationship b/n quantities of
2 answers
asked by
Ayansa Dabesa soboka
91 views
Choose the correct answer among the given alternatives.
1.......is a tabular representation of the relationship b/n quantities of
2 answers
asked by
Ayansa Dabesa soboka
93 views
Part 1: Choose the correct answer among the given alternatives.
1.......is a tabular representation of the relationship b/n
2 answers
asked by
Ayansa Dabesa soboka
65 views
how to solve an opportunity cost curve
2 answers
asked anonymously
30 views
What is the difference between microeconomics and macroeconomics?
2 answers
asked by
Fituma Furgasa Worku
69 views
Next-nano inc. is about to release a software upgrade that includes some new functionalities. The market study reveals that the
1 answer
asked by
jennie
60 views
Write example of opportunity costs
7 answers
asked by
Fituma Furgasa Worku
44 views
What is opportunity cost
2 answers
asked by
Fituma Furgasa Worku
29 views
How does opportunity cost affect people's wants and needs?
(1 point) Responses It changes the supply and demand of goods. It
10 answers
asked by
valentine
170 views
Suppose the short run market price a competitive firm faces is Birr 9 and the total cost of the firm is: TC = 200 + Q + 0.02Q 2
5 answers
asked by
Kewser
832 views
How does opportunity cost affect people’s wants and needs?
2 answers
asked anonymously
54 views
Each time you make a choice, there is an opportunity cost.
Responses True True False False
1 answer
asked by
Lil_cert
71 views
The needs & wants of ______________ are called demand.
Responses producers (the people who make things) producers (the people who
1 answer
asked by
Lil_cert
165 views
How does the opportunity cost affect people's wants and needs
2 answers
asked anonymously
36 views
How does opportunity cost affect peoples wants and needs
2 answers
asked by
Jo
102 views
When the demand for a good increases and the supply of the good remains unchanged, consumer surplus
1 answer
asked anonymously
132 views
In your own words, describe the meaning of marginal cost. You normally buy a crate of wine for $75. One crate has 6 bottles of
2 answers
asked by
bill
732 views
5. A market contains a group of identical price-taking firms. Each firm has a marginal cost
curve MC(Q) = 2Q, where Q is the
3 answers
asked by
elizabeth
736 views
Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60. The average product of
4 answers
asked by
Thomas
1,864 views
A monopoly firm is faced with the following demand function P = 26 – 0.5Q. The Marginal Cost function for the firm is given by
2 answers
asked by
Job
705 views
How does opportunity cost affect people's wants and needs?
1 answer
asked by
nahamani brown
99 views
Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of
2 answers
asked by
Kingram
710 views
If John's preferences are given by U(c,D)=log(c)+D where c is consumption and D is total donations and a wealthy individual sets
1 answer
asked by
Shayna
471 views
Larry, Moe, and Jo run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Jo wants
4 answers
asked by
Alex
5,822 views
Fact 1: "The substitution effect(SE) must ALWAYS be negative (i.e. goes in the opposite direction to the change in PRICE). The
2 answers
asked by
Victor
644 views
Which term describes the choices that people must make to meet their wants and needs?
(1 point) Responses supply supply demand
7 answers
asked anonymously
201 views
Thos question comes from Gregory Mankiw Principles of Microeconomics fourth edition. I am not sure how to do this problem. Can
3 answers
asked by
Stacie
872 views
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an
4 answers
asked by
John
1,875 views
Which term describes the choices that people must make to meet their wants and needs?
A. Supply B. Demand C. Opportunity cost D.
2 answers
asked by
Kee
107 views
An early freeze in CA sours the lemon crop, What happens to consumer surplus in the market of lemons? What happens to consumer
1 answer
asked by
Mike
881 views
The equation for a demand curve has been estimate to be Q = 100 - 10P + 0.5Y, where Q is quantity, P is price, and Y is income.
3 answers
asked by
sophea
660 views
. The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3.
a) What is the value of fixed costs? b)
7 answers
asked by
anuwar
793 views
Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given by:
q = 60 - (1/2)p, where q is
4 answers
asked by
Cyd
5,173 views
This is going to be really long, but I want to see if my answers are correct. This is problem number 10.10 in my Intermediate
10 answers
asked by
sleepy
2,851 views
An industry currently has 100 firms, all of which have fixed costs of $16 and avg. variable cost as follows:
Q Avg. Variable Cost
6 answers
asked by
Maggie
17,791 views
The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monoploist has a
2 answers
asked by
too old
519 views
Which of the following forces us to make choices?
a) scarcity b) trade offs c) opportunity cost d) money
4 answers
asked by
Student
1,391 views
Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical
3 answers
asked by
Dede
2,709 views
The law of supply states that as price increases, ceteris paribus, _____________.
2 answers
asked by
M
81 views
A firm uses a single plant with costs C= 160 +16Q +.1Q2 and faces the price equation P= 96 – .4Q.
a) Find the firm’s
2 answers
asked by
STARR
1,044 views
In microeconomics, little emphasis is given to how prices are established and why they change.
True or False?
4 answers
asked by
joe
683 views
If the long-run cost function is c(y) = y2 + 1, what is the long-run supply
curve of the firm?
1 answer
asked by
Evaristi Paulo
103 views
Demand function: P = 20 – 0.75Q
Supply function : P = 2 + 0.25Q where P is the wage per hour, and Q represents the number of
1 answer
asked by
Vaneesa
343 views
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Parent Categories (13)
Business
Business and Economics
Business/Economics
Business/Finance
Calculus
Concepts
Economics
Economics and Business
Game Theory
Industrial Economics
Macroeconomics
Managerial Economics
Mathematics