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Micro Economics
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Briefly explain the following:
(a)Economic cost and accounting cost. (b)Free market economy and mixed economy. (c)Marginal
1 answer
asked by
Christine
578 views
A nation's production possibilities curve is "bowed out" from the origin because
a. resources are not equally efficient in
3 answers
asked by
Lina
2,075 views
The Production Possiblilties Curve shows that when an eceonomy is acting at its full petential it will be poducing on a point
1 answer
asked by
Justin
404 views
Do you think you can tell something about overall investor optimism or pessimism by looking at the credit spreads and how
1 answer
asked by
Ria
364 views
Do you think you can tell something about overall investor optimism or pessimism by looking at the credit spreads and how
3 answers
asked by
Anonymous
375 views
Health maintenance organizations (HMOs):
A. are based on the traditional fee-for-service system of paying physicians. B. charge a
2 answers
asked by
Julie
865 views
Assume that the market for annual physical check-ups is in equilibrium, and not everyone gets an annual physical check-up.
What
2 answers
asked by
Will Jr.
542 views
When we are forced to make choices we are facing the concept of
1. exploitation 2. efficiency 3. scarcity 4. the margin
2 answers
asked by
Joseycat
805 views
An increase in the consumer's income will do all of the following, except
shift the budget line away from the origin increase the
2 answers
asked by
Joseycat
745 views
In monopolistic competition ______.
1.to maximize profits MR = MC, yet P > MC 2.people would be better off if output were reduced
3 answers
asked by
Joseycat
664 views
Economists believe that resources should be used as efficiently as possible to
1. achieve society's goals 2. eliminate scarcity
3 answers
asked by
Bigboy2
662 views
Resources are being used efficiently when
1. scarcity is not longer an issue 2. they are also used equitably 3. every opportunity
4 answers
asked by
Drake
1,596 views
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a
1 answer
asked by
Ashley
883 views
In YEAR 1, the price of gadgets is $2, while the price of the single variable input used is $28.
A profit-maximizing gadget
2 answers
asked by
Lana
573 views
Define Social Exploitation Using Graphs And Mathematical Expression
2 answers
asked by
Tesho
577 views
1.Given the marginal cost function of a producer as MC=3Q2+4Q-4. Find the output level that minimizes the cost of the producer
3 answers
asked by
Samuel
404 views