Questions LLC
Login
or
Sign Up
Ask a New Question
Microeconomics
Page 3
Questions (1,554)
In a hypothetical country, the population is expected to increase by 25% following recent legislation relaxing the barriers that
3 answers
asked by
Somebody23
197 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
98 views
How does opportunity cost affect people's wants and needs?
2 answers
asked anonymously
69 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
66 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
101 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
99 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
71 views
how to solve an opportunity cost curve
2 answers
asked anonymously
31 views
What is the difference between microeconomics and macroeconomics?
2 answers
asked by
Fituma Furgasa Worku
70 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
63 views
Write example of opportunity costs
7 answers
asked by
Fituma Furgasa Worku
49 views
What is opportunity cost
2 answers
asked by
Fituma Furgasa Worku
30 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
175 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
840 views
How does opportunity cost affect people’s wants and needs?
2 answers
asked anonymously
57 views
Each time you make a choice, there is an opportunity cost.
Responses True True False False
1 answer
asked by
Lil_cert
75 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
168 views
How does the opportunity cost affect people's wants and needs
2 answers
asked anonymously
38 views
How does opportunity cost affect peoples wants and needs
2 answers
asked by
Jo
110 views
When the demand for a good increases and the supply of the good remains unchanged, consumer surplus
1 answer
asked anonymously
137 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
748 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
743 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
1,875 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
709 views
How does opportunity cost affect people's wants and needs?
1 answer
asked by
nahamani brown
106 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
716 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
478 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
5,830 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
645 views
Define the following term using graphs and mathematical expression
a)utility b)util c)iso cost d)indiffernce curve e)budget line
22 answers
asked by
Anonymous
3,515 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
207 views
You are the manager of an apartment complex with 50 units. When you set rent at $800/month, all apartments are rented. As you
4 answers
asked by
Meghan
5,093 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
876 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
1,879 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
110 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
884 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
663 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
798 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
5,185 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
2,864 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
17,799 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
525 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
1,392 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
2,715 views
The law of supply states that as price increases, ceteris paribus, _____________.
2 answers
asked by
M
84 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
1,050 views
In microeconomics, little emphasis is given to how prices are established and why they change.
True or False?
4 answers
asked by
joe
689 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
106 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
346 views
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)
772 views
Pages
1
2
3
4
5
6
7
8
9
10
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