471 Answered Questions for the topic microeconomics

Microeconomics

04/09/19

Microeconomics Question

4 goods = a,b,c,dwealth =12pa=1pb=1pc=2pd=2thus constraint is a+b+2c+2d=12maximise u = ab+cdsubject to constraint
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Microeconomics Finance Corporate Finance

04/08/19

Where are bank loans in balance sheet?
I am looking at the balance sheet of Coca-Cola (https://www.marketwatch.com/investing/stock/coke/financials/balance-sheet), but I cannot guess where loans with banks are. These liabilities accounts... more
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04/08/19

The 'Economic Man' (Reference Request)?
We are writing a paper about the 'economic man.' By this, we mean that the choices he makes epitomize a rational economic thinker. However, we also acknowledge the fact that there are other,... more
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Microeconomics Consumer Theory

04/04/19

Differences between Hicksian and Slutskian approaches?
When deriving the substitution effect for both Slutskian and Hicksian definitions, a 'phantom' budget line is drawn.However, for a Slutskian definition, the 'phantom' budget line is drawn parallel... more
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Microeconomics

04/04/19

Who is the father of microeconomics?
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Microeconomics World History Anthropology

04/04/19

Why do economists ignore the most important things about money?
Money is a physical object or is treated as if it were a physical object. Physical objects have social properties. Physical objects (money) can be taken from their owners against the will of the... more
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Microeconomics Finance Risk

04/04/19

When does gambling reduce risk?
Suppose that you face risk. It is obvious that taking gambles whose outcomes are negatively correlated with the outcomes of your other gambles can reduce your overall risk ('hedging'). My question,... more
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Microeconomics Utility Welfare

04/04/19

If I gain, then someone else loses. Correct?
On a very small scale, it's certainly true that if I gain, somebody else might lose. If I take away my brother's chocolate, then he will lose it, and will most probably not get anything... more
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Microeconomics

04/03/19

What are examples of microeconomics indicators?
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Microeconomics Taxation Public Economics

04/02/19

Is my logic on taxation for this question legit?
> At Fenway Park, home of the Boston Red Sox, seating is limited to 39,000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue, the City of... more
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04/01/19

How accurate is duality?
In economic theory we know that with the use of some calculus, Hotellings Lemma and Sheppards Lemma we can derive a given firms supply function and in term its Profit function.With data of a given... more
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Microeconomics Utility Consumer Theory

04/01/19

Is it possible to derive indifference curves given marshallian demand function?
In a two good world, will a marshallian demand function the likes of `D(p,m)` where p is the price of one good and m the income yield a utility function or indifference curve function? If so, how... more
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04/01/19

What are Giffen Goods?
What exactly are Giffen goods and are they of purely theoretical interest or has there been empirical evidence of their existence?
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Microeconomics

03/29/19

What is the measure of the percent change in the quantity of a good demanded divided by the percent change in the price of that good.
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Microeconomics

03/28/19

Partial vs. general equilibrium?
Microeconomic models are usually classified as partial and general equilibrium models. As a layman, I understand that partial equilibrium focuses attention on a few economic variables to find the... more
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Microeconomics Environmental Economics

03/27/19

Is a strong foundation in advanced microeconomic theory essential to study environmental economics at the graduate level?
Advanced theory of individual economic behaviour in production, consumption, and general equilibrium. Are these topics useful to study environmental economics a the graduate level, or is there not... more
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Microeconomics

03/27/19

Why is Microeconomics important?
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03/27/19

The supply and demand of Virtual Products?
We know that the fundamental economic problem is scarce resources relative to unlimited wants. Does this apply to apps and Ebooks? They are essentially virtual products who have in theory have... more
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Microeconomics

03/26/19

I am confused by barriers to entry - can someone please explain what these are and why they are significant?
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Microeconomics Economics

03/25/19

Leah deposited $50,000 in the bank. Three years later, she borrowed $40,000 for a new truck. From this description, which is the most accurate statement?
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Microeconomics Economics

03/20/19

Please answer the questions below
Based on the firm’s production costs computed in quiz #10 fill out the rest of the table below by computing the firm’s total revenue, marginal revenue and profits at the given rates of output,... more
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Microeconomics Business Macroeconomics

03/19/19

If someone has already borrowed money, why does it matter from his point of view if the Fed fund rates rise?
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03/19/19

Which utility function yields a constant price elasticity of demand function?
How do I know which utility function I can use to find an isoelastic demand function. And similarly, which cost function can I use to find an isoelastic supply function?Does it work through trial... more
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Microeconomics Business Macroeconomics

03/19/19

What are some examples of wasteful competition created by the free market system?
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03/19/19

Why do companies sit on cash while they have debt?
Why don't they use cash to pay down their debts?
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