460 Answered Questions for the topic microeconomics

04/27/23

Firm cost function - microeconomics
A firm's cost function is C(q) = q^2 + 3q + 25 and it sells units at a price of $55 per unit. q denotes the number of units. What is the profit-maximising number of units? type your answer to the... more
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Microeconomics Econometrics

04/27/23

Elastic functions

Match the following functions with the following categories of elasticities f(x) = In(2x+3) - 2x at x = 1f(x) = Square root(x^2+4) at x = -2f(x) = In(x+3) at x = 0f(x0 = 4x at x = 2Unit... more
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Microeconomics Finance Macroeconomics

04/16/23

monetary policy
what is the contractionary monetary policy?
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Microeconomics

04/12/23

I need help with my microeconomics homework
Three identical firms face the following market demand curve P=130-Q. Assume that each of the firms has a marginal cost MC=10. a) Calculate each firms’ equilibrium quantity under Cournot game.... more
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Microeconomics Macroeconomics

03/21/23

Urban Economics

What are things that argue against an intermediate location for a transfer-oriented firm?
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Microeconomics Math Calculus

03/12/23

I want to know how to take the deravative of this function
The per capita consumption of breakfast cereal in the US has the following model that appears aboveC(t)=-0.0035t^3+0.112t^2-0.351t+13 pounds, where t is the number of years since 1990.Decide... more
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Microeconomics Business

02/20/23

Confidence interval
1.The reason that we want to develop a confidence interval for the population mean is because...(Two correct answers) 1. the chance that the sample mean is equal to the population mean is... more
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Microeconomics Macroeconomics

02/19/23

I need help for Econ.
Jamie Lee Jackson, age 26, is in her last semester of college and is waiting for graduation day that is just around the corner! It is the time of year again when Jamie Lee must file her annual... more
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Microeconomics Math English Calculus

02/17/23

Indifference curves and budget constraints

Derive a demand curve for a product by showing (drawing a graph) what happens as the price of a good falls. Prove that indifference curves cannot cross. Graph the income and substitution effects... more
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Microeconomics Math English Calculus

02/17/23

This question drags on quite a bit. Can someone please help me solve it?

Demand for a good is given by Qd=500-30P1+20P2+5I, and P1=2, P2=2, and I=100. P is price, q is quantity, and I is income. Calculate the quantity demanded. Is this a normal good? Is good 2 a... more
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Microeconomics Math English Calculus

02/17/23

I am having a difficult time answering this question and have been stuck on it for almost 2 weeks now.
The manufacturers of Mark Dares handguns notice that when the price of 9mm ammo falls from $20 per box to $15 per box that sales of the Dares 17 rise from 10000 to 12000 units. What is cross... more
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Microeconomics Math English Calculus

02/17/23

Suppose the supply of apartments is given by Qs=500+75(P), and demand by Qd=10000-25(P).
What is the equilibrium price and quantity? Suppose a controlled rent of $80 per unit is set. What is the new supply of apartments and what is the shortage/surplus?
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Microeconomics

02/07/23

State and briefly interpret the decision rule for utility maximization. 

Prompt: Suppose we work at a supplement store and we observe each month a regular customer purchases 6 tubs of a carbohydrate supplement at $10 per tub and 2 tubs of a protein supplement at $20 per... more
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Microeconomics

02/04/23

Marginal Product of Labor and optimal units of labor?
The question:Suppose a producer has a production formula of:MPL (Marginal Product of Labor) = 80 - LThe product that is sold to the market is sold at P = 8The labor is bought for w = 400Both the... more
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Microeconomics Math English Business

02/01/23

I asked this question 3 times and got different answers from different tutors. Can someone please explain this?
Find equilibrium price and quantity? How to find new quantity, price and Incidence of taxation on consumers if a 1 dollar lump sum tax is levied on suppliers?Quantity demanded=-20P+100Quantity... more
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Microeconomics Philosophy

01/29/23

What was major tenets of neoclassical school?
What was major tenets of neoclassical school?
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Microeconomics Math English Macroeconomics

01/28/23

Quantity demanded=-20P+100 Quantity Supplied=50+10P
A lump sum tax of $1 is levied on suppliers. Find new price, quantity and incidence of taxation on consumers?
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Microeconomics Math English Macroeconomics

01/27/23

Qd=100-20P and Qs=10P+50. Use this to answer the following:
Find equilibrium price and quantity? How to find new quantity, price and Incidence of taxation on consumers if a 1 dollar lump sum tax is levied on suppliers?
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Microeconomics Math English Macroeconomics

01/27/23

Draw an initial consumer equilibrium. Assume the price of one good changes and identity the income and substitution effect graphically.
Using the initial value at equilibrium, how do you calculate the point elasticity of demand?
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Microeconomics English Macroeconomics

01/27/23

Explain how a demand curve in a market is derived from individual demand curves by deriving a demand curve for a consumer?
What does this question mean and how do I solve it?
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Microeconomics Math Macroeconomics

01/27/23

Find equilibrium price and quantity? How to find new quantity, price and Incidence of taxation on consumers if a 1 dollar lump sum tax is levied on suppliers?
Quantity demanded=-20P+100 Quantity Supplied=50+10PI calculated price to be 5/3 and Q as 66.67, but can’t figure out the final part.
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Microeconomics Finance Macroeconomics

01/24/23

The Fed and the Stock Market
How does the Fed influence the stock market?
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Microeconomics Math Sat Math

01/18/23

A manufacturer’s marginal-cost function is 𝑑𝑐/𝑑𝑞 = 0.2𝑞 + 8. If 𝑐 is in dollars, determine the cost involved to increase production from 65 to 75 units.
A manufacturer’s marginal-cost function is 𝑑𝑐/𝑑𝑞 = 0.2𝑞 + 8. If 𝑐 is in dollars, determine the cost involved to increase production from 65 to 75 units.
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Microeconomics Math

01/18/23

If the marginal cost for a company is 𝑓(𝑞) = 28.3, find ∫ 28.3 𝑑𝑞, which gives the form of the cost function.
If the marginal cost for a company is 𝑓(𝑞) = 28.3, find ∫ 28.3 𝑑𝑞, which gives the form of the cost function.
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Microeconomics

01/14/23

Organize each of the following to express P as a function of Q
Q=20-PQ=20-5P8Q=18-2P
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