293 Answered Questions for the topic microeconomics

Microeconomics

3d

Microeconomics

07/08/21

#### How is this a good and bad thing l?

In a competitive markets, people with highest demand for a good are those that will receive it. How is this a good and bad thing?
Microeconomics Calculus Economics

07/01/21

Microeconomics

06/07/21

#### FOC - Microeconomics

Consumer’s utility function is U=4q^1/3 q^2/3 and the prices for good 1 and good 2 are p1 and p2, respectively. If the consumer uses the Lagrange method to maximize her utility, then the only... more
Microeconomics

05/25/21

#### Two-Part Tariff Pricing Strategy

A firm with market power faces a demand curve given by P = 40 – 2Q and a total cost curve given by TC = 8Q. If the firm uses a two-part tariff, what price should it charge its customers? What is... more
Microeconomics

04/22/21

#### What is the shape of a supply curve in a large labor market

A. Upward bending CurveB. Straight, upward-sloping lineC. Step functionD. Horizontal Line
Microeconomics

04/08/21

#### Assume that the schedule below describes the production possibilities confronting an economy.

Using the information from the table?(a) Draw the production possibilities curve .be sure to label each alternativeoutput combination(A through B)(b) Calculate and illustrate on your graph the... more

04/06/21

#### I need help with math for socialsciences

Firm’s total cost function is of the form of TC=2Q + 14 (i.e., a firm’s fixed costs are 14 and the variable costs are 2 per unit). The corresponding profit function is of the form 𝜋 = AQ2 + 𝛽Q + F... more
Microeconomics

04/01/21

#### concave preference

The utility function of a consumer is as follows: U (x; y) = (1 + x) y The prices of goods are P for good X and Q for Y, R the consumer's incomea.Calculate the optimum quantities that maximize... more

04/01/21

#### AP Macro Questions Pls Help

In a paragraph explain what aggregate demand and aggregate supply are and give an example illustrating how each work. In a second paragraph, explain how aggregate demand and supply are different... more
Microeconomics Economy

03/18/21

#### Microeconomy Question

Consider a production function of the formf(x1,x2) = x1α + x2αwith 0 < α.1.    For which values of α will this exhibit constant, increasing and decreasing Returns to Scale? 2.    What... more
Microeconomics

03/18/21