Newest microeconomics Questions | Wyzant Ask An Expert

19d

Microeconomics question about the increasing in demand

Consider the demand for apples. If the prices of a substitute good(bananas) increases and the price of a complement good (apple pie) increases, can you tell for sure what will happen to the demand... more

Follows • 1

Answers •1

Microeconomics Cournot Stackelberg

27d

Market entry with Cournot/Stackelberg: Demand function

Hello,I have to create an own problem set concerning Market entry with Cournot / Stackelberg.I should not use a linear inverse demand function (i.e. P(Q) = a - bQ) and was wondering what other type... more

Follows • 1

Answers •1

Microeconomics

06/09/20

Correct the statement

Demand increases, causing prise to rise, higher price cause demand to fall. Therefore, price fall back to their original levels

Follows • 1

Answers •2

Microeconomics Economics

05/16/20

calculate market equilibrium and quanitiy

Suppose the demand for a unit of CO2is P = 120 – 0.1QDand the supply is P = 15 + 0.04QS, where P is the price per unit, QDis the quantity demanded in units per day, and QSis the quantity... more

Follows • 1

Answers •1

Microeconomics Science Economics

05/01/20

Find the first and second derivatives of M with respect to X

M = 9X4 - 12 X 9 + 25 X Y Z + 50

Follows • 1

Answers •1

Microeconomics

04/25/20

What is the maximum revenue and the set of prices that will increase revenue/profit?

Consider a retailer selling a single item. Based on past experience, management estimates the relationship between demand, D, and price, p, by the linear function D = 2,000 – 0.6p. At... more

Follows • 1

Answers •1

Microeconomics Economics

04/17/20

what is the most of each good that Canadians can consume when the economy is open?

Two Canadians workers, Sam and Joe, can each produce tv or coffee. Sam can produce either 50 kg of coffee or 1 tv per month. and Joe can produce either 120 kg of coffee or 1 tv per month. f)... more

Follows • 1

Answers •1

Microeconomics Economics

04/17/20

international trade

Two Canadians workers, Sam and Joe, can each produce tv or coffee. Sam can produce either 50 kg of coffee or 1 tv per month. and Joe can produce either 120 kg of coffee or 1 tv per month. f)... more

Follows • 3

Answers •1

Microeconomics Economics

04/13/20

Please Help Solve elasticity Problem

a) Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demandeddecreases from 100 pounds to 95 pounds. What is the price elasticity of demand for flour? Is thedemand... more

Follows • 1

Answers •1

Microeconomics

04/06/20

Consumers tend to maximize utility when the last dollar spent on an item is equalized

True or false if false need explanation

Follows • 1

Answers •1

Microeconomics

04/06/20

Industries like the airlines with a high-income elasticity of demand experience tremendous volatility when income increases and decreases

True of false if false need explanation

Follows • 1

Answers •1

Microeconomics

04/06/20

Price increases result in a an increase in total surplus

True of false if false needs an explanation

Follows • 1

Answers •1

Microeconomics

04/06/20

If the government wished to burden consumers with an excise tax, it would place the tax on a product that has an elastic demand

True or false question with an explanation.

Follows • 1

Answers •1

Microeconomics

04/03/20

If a firm is experiencing diseconomies of scale, its long-run average cost curve is upward sloping.

Follows • 1

Answers •1

Microeconomics

04/02/20

I need help on two questions

2.22 Maureen just graduated from Rowan University with a degree in Finance, and has just moved to Manhattan in search of employment in investment banking. How has this impacted her elasticity of... more

Follows • 1

Answers •1

Microeconomics English Economics

03/30/20

Express your opinion on how you would feel about government regulation and intervention on your own monopolistic firm.

After identifying a monopoly you are now an acting owner of a monopolistic firm. Express your opinion on how you would feel about government regulation and intervention on your own monopolistic... more

Follows • 1

Answers •1

Microeconomics Economics Econometrics

03/24/20

The price elasticity of demand for medical devices is about -0.25 to -.30.

The price elasticity of demand for medical devices is about -0.25 to -.30. Suppose you were an economist for the medical device industry. How could you use this information to help forecast... more

Follows • 1

Answers •1

Microeconomics Economics Econometrics

03/24/20

For the demand equation, P = 2,000 – 2Q, answer the following:

For the demand equation, P = 2,000 – 2Q, answer the following:a. What is the vertical intercept? b. What is the horizontal intercept? Must show calculations. c. What is the slope?

Follows • 1

Answers •1

Microeconomics

03/23/20

Using the table above, if this were a competitive industry rather than a monopoly, what would be the price of the product?

A Monopoly Firm Quantity Sold Price per Unit Marginal Cost 0 $17 1 16 $4 2 15 6 3 14 8 4 13 10 5 12 12 6 11 14 7 10 16 Using the table above, if this were a competitive... more

Follows • 1

Answers •1

Microeconomics Economics Macroeconomics

03/19/20

Economics question

How does Institutional Economics and Keynesian Economics critique Neoclassical Economics?

Follows • 1

Answers •1

Microeconomics Economics

02/19/20

Compare the pricing models for three different types of service businesses: 1) A legal firm 2) A restaurant 3) A college

Follows • 1

Answers •1

Microeconomics Economics

02/11/20

What is the deadweight loss of a firm with the demand function p=100000-2q and a constant marginal cost of $2.

I am currently getting $625million as the answer, but I don't think that's right.

Follows • 1

Answers •1

Microeconomics

02/06/20

ECONOMICS ASSIGNMENT

Farmers in a country usually produced 100,000 bushels of soya beans per year at a market price of #50. The demand for this year is 150,000; this shortage led to a rise in price from #50 to #90. At... more

Follows • 1

Answers •1

Microeconomics

02/04/20

If the National economy shrink at an annual rate of 2% per year for four consecutive years then the economy shrink by 8% over the for year period. How much did the Economy shrink by ? (percentage)

Follows • 0

Answers •1

Microeconomics Economics Macroeconomics

01/29/20

Should U.S. policymakers be concerned about income inequality?

Yes or no explain. What do you think?

Follows • 1

Answers •1