464 Answered Questions for the topic microeconomics

Microeconomics

11/16/19

Trade and Positive Externality Question
How does becoming a small country free trade importer fix a positive domestic consumption externality? How does becoming an importer help an economy become more efficient?
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Microeconomics

11/16/19

Monopoly Graph Question
If a firm is producing where P>ATC>MC>MR, then the firm is producing _____________ output and is making __________. A. Too much ; profitsB. Too much ; lossesC. Too little ; profitsD. Too... more
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Microeconomics

11/09/19

Break-even Analysis

Non profiting organization employing physically and mentally challenged adults, prudes a single product selling for $25 per unit . It’s variable operating costs are $10, and its fixed operating... more
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Microeconomics

11/09/19

2 Firms Dominant Strategy Rebates or no rebates?
Firm 1 and 2 must decide whether to provide a 2.5% rebate during a traditional slow quarter in their industry. What are firm 1 and 2 dominant strategies based onfirm 1 no rebate A profit = 200 ... more
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Microeconomics Math Economics

10/30/19

How many points did the​ team's defense give up in the third football​ game?
After playing two football​ games, a professional football​ team's defense had given up an average of 28 points per game. After playing a third football​ game, the​ team's defense had given up an... more
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Microeconomics

10/12/19

Supply And Demand of Free Parking Spots on a Beach
Using supply and demand analysis (graphs), explain why there is some days a surplus of parking spots available at the beach and other times there is a shortage of such parking spots.  Assume... more
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10/10/19

What theory says that the poor have an innate inferiority and that is the reason they are poor
World in crisis
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Microeconomics

10/05/19

Opportunity cost
If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room... more
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Microeconomics Economics

09/30/19

What factors lead to a downward sloping demand curve?
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Microeconomics

09/23/19

Utility Function
The utility function is u (x1; x2) = 5 min(x1; x2) + 2x2. Suppose that the constraints are as follows: I>= p1x1 + p2x2; x1>= 0; x2 >= 0 where I is income, p1 is the price of good 1 and... more
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Microeconomics Economics

08/25/19

A loss is when a company revenue is less than its
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Microeconomics

08/25/19

Economics - Competitive Industry
What would happen in a competitive industry - at both the firm and the market level - in each of the following cases?a. Firms in the industry are able to lower their marginal -and average- costs... more
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Microeconomics Economics

08/16/19

In three to four sentences, describe how legal contracts provide incentives for people to exchange goods and services.
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Microeconomics Economy

08/14/19

What are the four types of unemployment mentioned in general?
Explain unemployment. In terms of how an economy works, one thing leads to another. There are different reasons why people are unemployed; they may not even be looking for work.
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Microeconomics

08/10/19

Given in description
Suppose that, at the market clearing price of natural gas, the price elasticity of demand is -1.2 and the price elasticity of supply is 0.6. If, initially, the price was 10 percent below... more
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Microeconomics Introduction To Business

08/01/19

What do inflation rates measure?
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Microeconomics

07/24/19

Compare and contrast using Pigouvian taxes to address opioids vs. offering access to preventive services for opioids. explain
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Microeconomics Economics

07/23/19

An economically efficient level of smoking:
a. means people would not smokeB. occurs at the market equilibriumC.would have to account for all costs but would be greater than zeroD. would have to increase to provide more jobs for farmers and... more
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Microeconomics

07/23/19

There is no age requirement to purchase a computer but there is one to buy tobacco and alcohol. Of the reasons for limiting a market, economists rely on which to justify this

a.These goods are immoral when consumed by the young b.These goods have external costs when consumed by the young c. Young consumers have inadequate information d.Government is necessary to... more
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Microeconomics Economics

07/15/19

If Joe is happy with $30,000 salary but he is earning $50,000. what will be producer surplus that joe enjoys?
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Microeconomics American History Economics

07/12/19

Which of the following gave workers a reason to form early unions
A. Dangerous working conditions B. High taxes C. Increased use of technology D. Foreign competition
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Microeconomics

07/01/19

find equilibrium level of income
C = 100 + .9ydT = 100I = 150G = 200Yd = Y- Y
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Microeconomics

06/19/19

I have a question on Microeconomics
The Law of Demand reflects the relationship between price and Quantity Demanded. That relationship is associated with an  increase in price and a subsequent increase in quantity... more
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06/14/19

Why you shouldn’t blame consumers for Labor Conditions?
Hi, So I have a group project for my economic class and my teacher asked us to defend consumers for Labor Conditions and I really don’t have any idea how should I do this and for what reasons... more
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Microeconomics Economics

06/06/19

which of the following best explains why some economic goals are incompatible with each other
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