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Microeconomics
Page 5
Questions (1,509)
Suppose Honda's total cost of producing 4 cars is $225,000 and its total cost of producing 5 cars is $250,000
a)What is the
4 answers
asked by
Malima
2,869 views
Suppose the demand curve is given by Q=200-20p. What is the price elasticity at P=$4? is demand elastic or inelastic at this
2 answers
asked by
Yvette
637 views
Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC =
3 answers
asked by
Fatima
855 views
Consider the same setting as in the previous question.
Suppose that firms are NOT owned by consumers. Let s denote the size of
3 answers
asked by
Jenney
614 views
If firm has a short run demand and cost schedule of Q=200-5P and TC=400 +4Q, what is the price the firm should sell the product
3 answers
asked by
Cindy
550 views
What is a person or business that buys, or consumes, goods or services called?
Producer Supply Demand Consumer
3 answers
asked by
greenflash
39 views
What is the desire for a particular good or service called?
Demand Supply Consumer Producer
3 answers
asked by
greenflash
34 views
What is the amount of a good or service that is available for use called?
Producer Demand Consumer Supply
3 answers
asked by
greenflash
33 views
1. 1. Derived demand refers to
a) demand curves derived from utility functions b) an individual demand curve estimated from a
14 answers
asked by
shubh
1,939 views
Production possibilitity set
3 answers
asked by
Jr
25 views
What is law of supply?
3 answers
asked anonymously
19 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
4 answers
asked by
J
2,716 views
If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units
then the value of
6 answers
asked by
Rosa
1,605 views
Suppose a manufacturer estimates its marginal cost at $1.00 per pack, it's own price elasticity at -2, and sets its price at
4 answers
asked by
Marie
554 views
What is the elasticity of demand for peanut butter when the price changes from $2.00 to $0.40 as shown by this supply and demand
3 answers
asked anonymously
196 views
45. The change in total output resulting from a 1-unit increase in the quantity of an input used, holding the quantities of all
9 answers
asked by
Calisto
1,905 views
Why do businesses seek an equilibrium price?
(1 point) Responses It ensures that competitors cannot offer lower prices. It
10 answers
asked by
goofy ahh bugger
153 views
what is relative price
2 answers
asked by
AOL
26 views
Other things remaining equal, the law of demand says that higher prices will lead to a
Part 2 A. larger quantity demanded and
2 answers
asked by
AOL
65 views
A firm with monoply power has the demand curve:
P = 100 - 3Q + 4A^1/2 And has the total cost function: C = 4Q^2 + 10Q + A where A
4 answers
asked by
Dan
905 views
3. Farmer Jones and Farmer Smith graze their cattle on the same field. If there are 20 cows grazing in the field, each cow
4 answers
asked by
tianbai
1,655 views
suppose a competitive market consists of identical firms with a constant long run marginal cost of $10. Suppose the demand curve
4 answers
asked by
michele
1,217 views
Describe input-output model
2 answers
asked anonymously
27 views
Specialization most helps producers by growing what?
A. Consumer demand B. Labor productivity C. Prices of goods D. Levels of
4 answers
asked anonymously
96 views
hey...i had a similar econ question..check out schoolpiggyback (search it on google)...it'll help ya out...its other students
2 answers
asked by
steve
1,229 views
If a firm has a U-Shaped long-run average cost curve,
a.) its fixed cost rises as output rises. b.) it must have increasing
4 answers
asked by
Melissa
2,060 views
Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the long run.
c. If the price of
6 answers
asked by
Jon
3,317 views
Currently, a company produces metal and wooden baseball bats at point C on the production possibilities curve. Recently, the
2 answers
asked anonymously
52 views
elasticity of demand
inelastic elastic unitary elastic total revenue normal good inferior good
2 answers
asked anonymously
37 views
When a firm is producing at the level of output that maximizes profit, which of the following is true?(1 point)
Responses
2 answers
asked by
1
62 views
The new york times reported that subway ridership declined after a fare increase: " There were nearly four million fewer riders
5 answers
asked by
Jane
2,953 views
Opportunity cost is
A.not relevant for macroeconomic decisions but is the main consideration in microeconomic decisions B. The
2 answers
asked anonymously
43 views
Opportunity cost is
2 answers
asked anonymously
30 views
Increased competition between producers of a good may lead to
A. A decrease in profit B. An increase in price C. A drop in demand
2 answers
asked anonymously
49 views
What are the basic economic questions?
2 answers
asked by
Paul
78 views
Which of the following would be a topic of study in microeconomics
? A. Inflation . B. The amount of steel purchased by
2 answers
asked anonymously
31 views
Microeconomics focuses on
Part 2 A. decisions made by individual households and firms. B. inflation and growth in our overall
2 answers
asked anonymously
49 views
What is the difference between microeconomics and macroeconomics?
Part 2 A. Microeconomics is the study of decision making
2 answers
asked anonymously
72 views
Cheryl runs her own business and is making a quarterly budget. If she needsLinks to an external site. to know how much it will
2 answers
asked anonymously
82 views
What is marginal costs
2 answers
asked by
Fituma Furgasa Worku
30 views
suppose that a firm production function is given by Q=20L-2L^2 if the price of production Birr 20 what will be the value of
2 answers
asked by
Dejene
55 views
Suppose that a firm's production function is given by Q=20L-2L^2 of the price of produc of labor Birr 20 what will be the
2 answers
asked by
Dejene
42 views
Formula of marginal revenue
2 answers
asked by
Dejene
29 views
What is the formula marginal Revenue product of labor
2 answers
asked by
Dejene
32 views
What law of diminishing marginal returns?
2 answers
asked by
Dejene
45 views
What is the difference between supply and quantity supplied?
2 answers
asked by
M
47 views
What is the indifference curve
2 answers
asked anonymously
54 views
What is the difference between rational and irrational in economics
2 answers
asked by
Kando
37 views
Which good its marginal rate of substitution in diminishing?
1 answer
asked by
Mafia
80 views
the marginal rate of substitution between two goods is zero, these goods are perfect substitutes.
M
1 answer
asked by
Mafia
70 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