292 Answered Questions for the topic microeconomics

10/28/20

#### Answer true or false, with a brief explanation.

Answer true or false, with a brief explanation.1. Monopolies are always bad for consumers.2. The supply curve of a monopolist is upward sloping.3. Monopolies charge the highest price a consumer is... more
Microeconomics Economics Optimization

10/10/20

#### Find the demands for goods X and Y for agent

Agent B's preferences are given by:U (x,y) = y - ((x)^(-2))/2Which are quasi-linear preferencesBudget constraint is -> x*p +y = 10(Since p= price of good x, and Price of good y is normalized to... more

10/09/20

Microeconomics

04/08/20

#### Factories get closed due to coronavirus pandemic. What will happen to the market of food items

Using supply and demand diagram together to illustrate the effect on equilibrium price and quantity my question is if Factories get closed due to coronavirus pandemic. What will happen to the... more
Microeconomics

04/06/20

#### Consumers tend to maximize utility when the last dollar spent on an item is equalized

True or false if false need explanation
Microeconomics

04/06/20

#### Price increases result in a an increase in total surplus

True of false if false needs an explanation
Microeconomics

04/06/20

#### If the government wished to burden consumers with an excise tax, it would place the tax on a product that has an elastic demand

True or false question with an explanation.
Microeconomics

04/02/20

#### I need help on two questions

2.22 Maureen just graduated from Rowan University with a degree in Finance, and has just moved to Manhattan in search of employment in investment banking. How has this impacted her elasticity of... more

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