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Microeconomics
Page 4
Questions (1,509)
Suppose there are 1000 identical firms producing diamonds. Diamond miners receive the wage rate w. Assume that the short-run
3 answers
asked by
Matt (help me)
765 views
In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average
2 answers
asked by
cb
962 views
If the demand function for a commodity is given by the equation p2 + 12q = 1800 and the supply function is given by the equation
3 answers
asked by
Sarah
1,596 views
Hey guys my Econ final is on Tuesday and I could use some help. These are 4 example questions true/false with explanation
2 answers
asked by
Zach
622 views
1. Supply and Demand. Elasticities.
Suppose you have the following information about the supply and demand in the market: QD =
1 answer
asked by
Kimi
772 views
Indicate if each newspaper headline below deals with a microeconomics (micro) or a macroeconomics (macro) issue.
Pepsi to
4 answers
asked by
Anonymous
2,574 views
Mbeya cement company which has a rising short run marginal cost curve is currently operating at a loss. Mbeya cement company'
5 answers
asked by
Evaristi H Paulo
226 views
Mbeya cement company, which has a rising short-run marginal cost curve is currently
operating at a loss. Mbeya cement
5 answers
asked by
Elias
254 views
Mbeya cement company, which has a rising short-run marginal cost curve is currently
operating at a loss. Mbeya cement
3 answers
asked by
Elias
162 views
Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly
4 answers
asked by
Kiki
2,781 views
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.
4 answers
asked by
Bob
5,217 views
got this from my teacher,
A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals
6 answers
asked by
Julie
1,403 views
2.The owner-manager of Good Guys Enterprises obtains utility from income(profit) and from having the firm behave in a socially
4 answers
asked by
Jorie
718 views
Given demand curve of the monopolist :Q=30-0.3P,& given the cost function C=2Q2+20Q+10,
a)find the profit maximizing level of
7 answers
asked by
jara
3,228 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
1 answer
asked by
Abdulwahab Oladapo Mogaji
317 views
If the supply function for a company is p = q^2 + 8q +16 and the demand function is p = -3q^2 + 6q + 36. Find the equilibrium
3 answers
asked by
Mike
1,335 views
Assuming a profit function as p=90-2q and the cost function as c=10+0.5q2.find the profile maximization output and price
4 answers
asked by
Kudirat
695 views
demand function of a monopolist is given as Q=50 - 0.5p while the cost function is given as C= 50 + 40q. calculate equilibrium
4 answers
asked by
Amare
587 views
The cost of a firm producing colour television has worked out the total cost function for the firm as TC=120Q-Q^2+0.02Q^3.A
4 answers
asked by
Michelle
582 views
hen human wants are greater than the resources available to fill those wants ______________ occurs.
abundance scarcity
3 answers
asked by
Kaleb Gilliam
28 views
Consider a competitive firm with a total cost function given by TC(q)=q^2/1000. Suppose that, in order to incentivize higher
3 answers
asked by
qwerty
624 views
Assume that the equation for demand for bread at a small bakery is Qd = 60 - 10Pb + 3Y, where Qd is the quantity of bread
3 answers
asked by
Jackie
1,652 views
Frank owns a soda fountain and sells milkshakes. he sells 50 milkshakes per day for $5 each. his daily cost is $290, of which
3 answers
asked by
Silvia
1,552 views
which of the following is a determinant of demand
responses consumer incomes cost of production prices of related goods consumer
5 answers
asked anonymously
43 views
We did not find results for: suppose a company manufactures MP3 players and sell them to retailers for $98 each. it has a fixed
3 answers
asked by
tracy
1,488 views
If for a firm MRP > MFC, then the firm:
a. is maximizing profits and should continue producing its current output. b. is
3 answers
asked by
sheila
2,252 views
1. Your roommate's long hours in chem lab finally paid off--she discovered a secret formula that lets people do an hour's worth
4 answers
asked by
Mariah
2,500 views
Why do businesses seek an equilibrium price?
A. It ensures that competitors cannot offer lower prices. B. It attracts the largest
4 answers
asked by
Hann
260 views
Q4. Dr. Shakeel, a well-known orthopedics, with a reputation of being one of the best
surgeons in the Maldives, enjoys a
2 answers
asked by
Anonymous
142 views
A demand curve is a straight line sloping downwards at an angle of 45 degrees. We can conclude that its price elasticity is
2 answers
asked by
Wilton
833 views
show the MRS for Cobb Douglass preference is ax2/bx1
3 answers
asked by
sam
371 views
1) A monopolist is deciding how to allocate output between two markets that are separated geographically. Demands for the two
11 answers
asked by
BELETE
2,800 views
Suppose the demand curve for a monopolist is
QD = 500 − P, and the marginal revenue function is MR = 500 − 2Q. The monopolist
4 answers
asked by
Em
855 views
Assume that the marginal utilities for the first three units of a good consumed are 200, 150, and 125 respectively. What is the
3 answers
asked by
Preston
927 views
Consider a Cournot duopoly with the following inverse demand function: P = 50 - 0.2Q1 - 0.2Q2. The firms' marginal cost are
3 answers
asked by
Chris
1,597 views
50. The long-run average cost curve is tangent to an infinite number of ______. (Points: 3)
total cost curves marginal cost
6 answers
asked by
chris
1,423 views
If utility is U(x,y) = xy + y, what is the indirect utility function and expenditure function?
4 answers
asked by
Bob
947 views
1. A country's consumption possibilities frontier can be outside its production
possibilities frontier if a. the country engages
7 answers
asked by
Bob
2,690 views
The law of demand states that as the price of a particular good or service increases, _____.(1 point)
Responses quantity demanded
2 answers
asked by
1
81 views
the relationship between price and quantity supplied is positive or negative
3 answers
asked by
M
53 views
Suppose that individual demand for a product is given by
QD = 1000 − 5P. Marginal revenue is MR = 200 − 0.4Q, and marginal
3 answers
asked by
Anonymous
174 views
consider the following functions;
Q1=36-1/3p Q2=-9+1/2p 1. Identify the demand and the supply functions with reasons. 2.
3 answers
asked by
faith
280 views
Suppose you are the manager of a watch-making firm operating in a competitive market. Your cost of production is given by C =
4 answers
asked by
Helen
449 views
Define the following term using graphs and mathematical expression a)utility b)util c)iso cost d)indiffernce curve e)budget line
4 answers
asked by
Mr, Pepe
624 views
give the demand curve of the monopolist Q=30-.3p and function:C=2Q²+20Q+10,find the profit maximizing level of output & price
4 answers
asked by
sintayehu
799 views
Number of workers: 10, 20, 30
Output(thousands): 3, 5, 6 Fixed Cost ($): 2000, 2000, 2000 Variable Cost ($): 100, 200, 300 In the
3 answers
asked by
M
50 views
Number of workers: 10, 20, 30
Output(thousands): 3, 5, 6 Fixed Cost ($): 2000, 2000, 2000 Variable Cost ($): 100, 200, 300 In the
3 answers
asked by
M
106 views
What is abnormal supply curve and diagram
6 answers
asked by
nifty
3,939 views
In attempt to increase revenue and profits, a firm
is considering a 4 percent increase in price and an 11 percent increase in
3 answers
asked by
Osbert
604 views
An industry has only two firms producing outputs y1 and y2, respectively. The first firm has a
cost function of TC(y1) = 20 +
3 answers
asked by
EJ
594 views
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