293 Answered Questions for the topic microeconomics

Microeconomics

03/02/15

Microeconomics

02/27/15

Microeconomics

02/27/15

Microeconomics

02/27/15

#### If marginal product is 8 units and average product is 4 units, the next worker will cause

a) marginal product to decrease. b) average product to increase by 4 units. c) marginal product to decrease by 4 units. d) marginal product to decrease by 2 units and average product to increase by... more
Microeconomics

02/27/15

#### While total product is increasing, marginal product is?

a) increasing. b) zero. c) negative. d) decreasing. e) positive.
Microeconomics

02/03/15

Microeconomics

02/03/15

#### A freeze in Peru causes the price of coffee to skyrocket. Assuming coffee and tea are substitutes, which of the following will happen?

A. The quantity demanded of coffee will increase, and the quantity demanded of tea will increase. B. The quantity demanded of coffee will increase, and the demand for tea will increase. C. The... more
Microeconomics

02/03/15

#### The city of Austin can buy roads or light rail. If 10 miles of roads cost $1 million and 2 miles of light rail cost$10 million,

what is the city's opportunity cost of 1000 miles of roads?   A. $10 million B. 2 miles of light rail C. 20 miles of light rail D.$50 million E. Both [A] and [C] are correct.

01/03/15

#### Need help with inflation / interest rate problem?

I was doing a homework problem on how inflation would affect savers and borrowers, but I don't get how savers would be hurt if they receive a fixed-interest-rate. Suppose that I'm a saver and have... more

12/02/14

#### Economics Question: Finding Marginal Costs and Benefits

You are selling your 1996 Mustang. You have already spent $1000 on repairs. At the last minute, the transmission dies. You can pay$600 to have it repaired, or sell the car “as is.” A.) What is... more
Microeconomics

10/27/14

#### Allocate production among two firms

1. Beta Inc. has two production facilities in two different towns that use labor to produce its final product. The marginal product of labor at plant 1 is MPL1 = 100/L1 and MPL2 = 50/L2. A. Beta... more
Microeconomics

06/25/14

#### how to calculate the domestic price of a good. given the world price, tariff, supply, demand and elasticity of demand.

Need help answering this question asap.
Microeconomics

05/02/14

#### What are the steps to be done?

Suppose that a worker in Agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in Zenland can produce either 5 units of organic grain or 15 units of... more

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