460 Answered Questions for the topic microeconomics
03/18/19
Mathematical Micro/Macro Economics Textbook Recommendation?
I was formerly an economics major and now also majoring in mathematics.I want a textbook that is rigorously based on mathematics; not just using mathematcis whenever the author wants, but in a more...
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Microeconomics Elasticity
03/18/19
Intuition - Why does elasticity vary along a curve?
Source: p 96, *Principles of Microeconomics*, 7 Ed, 2014, by N Gregory Mankiw>Even though the slope of a linear demand curve is constant, the elasticity is not.This is true because the slope is...
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Microeconomics
03/18/19
Are there any instances where short run demand/supply is more elastic than long run cases?
Conventionally both demand and supply for goods and services are both more elastic in the long run than in the short run. My Question>*Is there ever an instance where demand and/or supply for a...
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10000 investment at rate of 5% compounded continously. how long will it take to triple in value
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Microeconomics
03/14/19
Why does market equilibrium cause stable prices?
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Microeconomics Supply And Demand
03/14/19
What do supply-demand curves really look like?
In my basic high school economics course, we've always used supply-demand curves that are lines to simplify calculations. In real markets for real goods, what do the supply and demand curves look...
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Microeconomics Macroeconomics
02/26/19
Inferior Goods and Economics
What would happen to the new resulting equilibrium price and quantity of Ramen noodles (an inferior good), if incomes for US workers fell by 8% over the next two years?
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Microeconomics Economics
02/19/19
explain why cattle would not be good to use as money today
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Microeconomics
01/27/19
What advantage do sole proprietorships have over corporations?
What advantage do sole proprietorships have over corporations?Owners of sole proprietorships do not pay corporate taxes on company profits.Owners of sole proprietorships do not have to pay any...
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Microeconomics
10/02/18
For this scenario, determine if it's a supply or demand scenario, and determine if it's an increase or decrease in supply or demand.
An influx of new residents into a small town influence housing purchases
Please help!
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Assume that the market for Good X is defined as follows: QD = 80 - 16P and QS = 16P - 8. What is the equilibrium price and output?
Please help, economics is tough for me!
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Microeconomics
10/31/17
what are the impacts of subsidies on the gas market in Malaysia? explain the factors that have driven the increasing domestic demand for gas
microeconomics question
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Microeconomics
09/12/17
How would you graph the difference between tutition and student enrollment at community college
What is the nature of the relationship between tutition ad student enrollmentat community college? How would you graphed this?
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09/08/17
taxes and supply and demand
The supply curve for a certain industry is given by S(p) = p−2 and demand by D(p) = 30 − 3p. What is the total tax revenue and the producer and consumer surplus under a $2 tax? What is the...
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Microeconomics Taxes
09/07/17
taxes and supply and demand
The supply curve for a certain industry is given by S(p) = p−2 and demand by D(p) = 30 − 3p.
NEW PART TO QUESTION: What is the total tax revenue and the producer and consumer surplus under a $2...
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Microeconomics Economic Profits
06/25/17
Microeconomics: Economic Profits
1. Assume ABC Company produces 20 units of output in a purely competitive market and selling it at $10 per unit. Its total fixed costs are $100, and its average variable costs are $3 at 20 units of...
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Microeconomics
05/16/17
Which of the following is considered a benefit of global trade
A. It almost always encourages sustainability
B. It can only work in democratic nations
C. It exposes people to new ideas and technology
D. it works best under a system of central planning
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Microeconomics
03/31/17
what is the equilibrium condition and quantityi n the market
The demand for pocket calculators is given by the functions: p=72-1/2Qd and the supply is given by the function 120=Qs-p where Qd= quantity demanded Qs= quantity supplied and p=price. what is the...
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Microeconomics
03/01/17
Suppose that the price of a product increased from $18 to $22, and the quantity demanded decreased from 63 to 57. What is the value of the PED
I need help with microeconomics
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Microeconomics
10/23/16
How do I mathematically prove the following statement is false?
In terms of purchasing power, a fifty percent tax on the price of goods X and Y is equivalent to a fifty percent reduction in income
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Microeconomics Economics
04/26/16
Relative price
if the relative price of one unit of good x is 5 units of good y, then it follows that the absolute price of good x can be _ and the absolute price of good y can be _
Its economics but I'm...
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Microeconomics
02/09/16
Define the price elasticity of demand? What information does it provide? How is it calculated?
it's about microeconomics
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