464 Answered Questions for the topic microeconomics

Microeconomics Project Management

01/04/23

How Airlines company can solve the issue of technical problems causing a flight to be delayed

How Airlines company can solve the issue of technical problems causing a flight to be delayed
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Microeconomics

01/01/23

Consider face mask is a normal good; there is an impact on this good due to the pandemic. Illustrate and explain the impact of the demand and supply of face mask with the help of a graph
Covid-19 pandemic has affected various economic sectors around the world. Consider face mask is a normal good; there is an impact on this good due to the pandemic. Illustrate and explain the impact... more
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Microeconomics

12/22/22

Microeconomic Theory (Isoquants)
A firm uses capital (K) and Labor (L) and these are perfect substitutes. One unit of output can be produced using 1 unit of capital or 3 units of labor. What is the equation for the production... more
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Microeconomics Math Sat Math Mathematica

12/14/22

Help Much Appreciated Analyse and explanations
A housing estate has 100 residents who are concerned about security. The accompanying table gives the total cost of hiring a 24-hour security service as well as each individual resident’s total... more
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Microeconomics Math Sat Math Elementary Math

12/13/22

Need Help Please To Answer These True or False Worded Questions
You are watching a news report with a friend. The news reader points out that a certain troubled pacific nation generates a RGDP per capita of only $500 (AUS) per year. Since your friend knows that... more
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Microeconomics Math Sat Math Elementary Math

12/09/22

Need Help Please To Answer These Questions
Consider a competitive industry where all firms are identical and each has the following costs. Output Total Cost Marginal Cost Average Total Cost Average Variable... more
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12/09/22

Questions I am having difficulty understanding
Fred owns 10 hectares of farming land. He can farm the land himself producing a crop worth $240,000. The explicit costs involved are 60,000. His best alternative is to rent the land to his... more
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Microeconomics Math Sat Math Mathematica

12/09/22

True or False Questions With Explanation Why The Answer Is So
1.Suppose that bushfires in North-West Victoria destroys many of the citrus farms. As a result, theprice of oranges rises from $0.40 to $0.80, the price of a tangelo rises from $1.20 to $2.00, and... more
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Microeconomics

12/03/22

cross-price elasticity
 Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised their price and took in $120 in total revenue on sales of... more
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Microeconomics

12/01/22

Show that the equilibrium price decreases when the number of firms increases
Consider a competitive market with the demand function X(p). There are m number of identical firms, and the supply function of a particular firm is y(p). We assume that X'(p) < 0 and y'(p) >... more
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Microeconomics

11/03/22

Economics Homework Help
A) A firm in a competitive market receives $10,000 in total revenue and has marginal revenue of $20. What is the average revenue?B) Using the same information from the preceding question, what is... more
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Microeconomics

11/03/22

Economics Homework Help
Imagine that you own a small chain of pizza parlors. You’re analyzing sales and costs for one type of pizza: a 16-inch pizza that has always sold well. Sales have increased in the past when you’ve... more
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Microeconomics

11/03/22

Economics Homework Help
Babsie signed a two-year lease on a building in which she plans to open a daycare center. She has no choice about how much money she spends on rent for the next two years, because she is already... more
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Microeconomics

11/03/22

Economics Homework Help
Babsie loves to shop at Costco. After Babsie purchased her usual hot dog and coke, she decided to go shopping. Babsie likes the idea that the more peanut butter she buys, the more she saves. This... more
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Microeconomics Math

10/30/22

Linear cost function
The Yumyum Dog Biscuit Company makes dog biscuits and sells them for $8 per box. The fixed costs are $3000 and the cost to produce each box is $6 Determine: a) the linear cost function
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Microeconomics Math Business Finance

10/29/22

You're a business owner that takes out a home equity line of credit. The debt is the owner's, not of the business. How do you account for any money drawn out of the HELOC and put into the business?
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Microeconomics Macroeconomics

10/26/22

Marion collected Social Security payments of $500 per month in 2000. If the price index rose from 105 to 120 between 1990 and 2000, then her Social Security payments for 1990 should had been around
Marion collected Social Security payments of $500 per month in 2000. If the price index rose from 105 to 120 between 1990 and 2000, then her Social Security payments for 1990 should had been around... more
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10/23/22

Engineering Economics
A manufacturer can choose between two options:  Investing $10000 in upgrades today and earn $20000 per year for the next three years.  Do nothing and earn $16500 per year for the next three... more
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Microeconomics

10/22/22

Consumer demand.
a) Consider the following consumer demand function for Unga.Xu= 10 + M/10PWhereM= Kshs 1,500, consumer income.P= Kshs30, price of Unga per Kilo.Required to:a) Find the consumer's demand for Unga.b)... more
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Microeconomics

10/11/22

What would happen if employers didn't pay pension taxes and only the workers had to pay all of the tax instead of splitting between employer/worker?
who would bear the burden of the tax and if the pension plan and its taxes were eliminated would the number of workers with jobs be affected?
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Microeconomics

10/07/22

Derive the Marshallian demand functions
b) Assume that the preferences can be represented by the utility function u = x1x2 and the budget constraint is given as p1x1 + p2x2 = m. Derive the Marshallian demand functions for x1 and x2.And... more
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Microeconomics

10/07/22

Assume that the preferences can be represented by the utility function u = x1x2 and the budget constraint is given as p1x1 + p2x2 = m. Derive the Marshallian demand functions for x1 and x2.
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Microeconomics Macroeconomics

10/03/22

An increase in the supply curve of product X will decrease equilibrium price to a greater extent the:
A. more elastic the supply curve.B. larger the elasticity of supply coefficient.C. more elastic the demand for the product.D. more inelastic the demand for the product.
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Microeconomics Econometrics Macroeconomics

09/26/22

Microeconomic - price elasticity of demand
Using a diagram, describe how a decrease in price affects volume expenditure when the price elasticity of demand isi. elasticii. not elastic
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Microeconomics Econometrics Macroeconomics

09/22/22

Supply and demand question
Sencerio: When the cost of steel rises, ___the supply will increase and the supply shift will increase?________I am confused how this is the correct answer because when prices get more expensive,... more
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