04/08/22

As we move down along a linear demand curve (a demand curve that is a straight line with a given negative slope) what happens to |Ed|?
As we move down along a linear demand curve (a demand curve that is a straight line with a given negative slope) what happens to |Ed|? a) The price elasticity of demand increases b) The price... more
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04/08/22

True or False? Why?
State whether the following statements is TRUE OR FALSE. The market demand schedule shows how quantity demanded will change when the price changes. An explosion which destroys a fireworks factory... more
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04/08/22

Buyer, Seller, or Both?
For each of the following markets, say whether the person participates as a buyer, seller or both a.    A family eating at a restaurant b.    A person getting a haircut c.    A cook... more
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03/26/22

Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply curve in the market for corn...
(Read the article: Soybean Prices Surge as South American Outlook Deteriorates)Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply curve in the market... more
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03/17/22

True or false? At businessman Adams CD production plant, average fixed cost per cd is $1.1 and average total cost are 2.88. adams average variable cost must be 1.7 per cd
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03/10/22

Using the model of production and costs, explain how firms that earn negative profit (net loss) are still able to maximize their profits. Is a negative profit contrary to profit maximization
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03/09/22

game theory at a high school level, tysm to whomever helps me!!
Peter, while studying game theory, came across a game where a couple of rational agents find a machine that delivers three coins to one of them when the other deposits a coin into it. So each agent... more
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03/08/22

please help me with this
Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.a.... more
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03/06/22

percentages - price increase of products
A merchant sells a box of goods for $100.00. If he raises all the prices of the products in the box by 20%, what happens to the total value of the box?a) Remains the sameb) Increases 20%c)... more
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02/01/22

Hi can anyone please help me it has to do with economic?
Scenario # 5 Newfoundland Newfoundland, Canada’s tenth province, occupies the easternmost part of North America. The extensive fishing grounds, lying off the coast, are the reason why Newfoundland... more
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01/10/22

Ceteris paribus, the fiscal multiplier increases if commercial banks tighten their lending.
identify the statement as True, False, or Uncertain, and explain your reasoning (in total of not more than 150 words). The maximum marks for each question will be given for a full and correct... more
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12/05/21

A natural monopoly arises because [….].
A natural monopoly arises because [….]. some firms are able to innovate some firms practice predatory pricing some goods are extremely expensive to produce some goods are extremely cheap to produce
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12/05/21

A natural monopoly can be made more efficient through [....].

 market intervention firm exit firm entry none of the above
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12/05/21

Most businesses in the U.S. exist in […] markets, while most of the money Americans spend is on goods from […] markets.
 monopolistic; perfectly competitive oligopolistic; monopolistically competitive perfectly competitive; monopolistic monopolistically competitive; oligopolistic
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11/27/21

Demand and supply curve

Decrease in price of green pepper following entry of imported green pepper
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11/19/21

AP microeconomics question (can someone explain the answer please? thanks!)
To maximize profit, a firm should produce the quantity at which marginal revenue equals marginal cost unless, in the long run, the firm woulda) earn positive accounting profit.b) earn positive... more
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11/18/21

Economics question
Will a decrease in workers change the movement along the supply curve of a good or shift the supply curve? I'm reading an article for my economics class, and I'm confused on how the situation in... more
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10/26/21

what is the consumer surplus, the producer surplus and the total surplus of the supply and demand curves
Qd=152 - 5PQs= 3P calculate the customer surplus calculate producer surplus calculate total surplus
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10/15/21

If AP = 12L^2 + 5L, find the total output function and the marginal output function.
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09/30/21

Jamal has an initial income of $1040, a final income of $1100 initially consumed 6 cups of coke per week and now consumes 16 cups of coke per week
What is the change in income?Is this example, is Pepsi a normal or an inferior good.
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09/30/21

Assume that this market is at equilibrium. If the demand for this product were to increase but the price was unable to adjust to the change. The market would be experiencing an
Table here:https://www.linkpicture.com/q/assume.png
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09/19/21

Related to Advance microeconomics
Demand function 8q+4p=56 find price elasticity and price given $3
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09/10/21

Is the demand for an addiction in the short run more elastic or less elastic than demand for an addiction in the long run?
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08/26/21

Macroeconomics: What will happen to prices and GDP during an effect of a short-run for a decreased defense spending?
Macroeconomics: What will happen to prices and GDP during an effect of a short-run for a decreased defense spending?
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08/26/21

Macroeconomics: Does real GDP goes lower than the nominal GDP when a period of inflation has begun?
Macroeconomics: Does real GDP goes lower than the nominal GDP when a period of inflation has begun?
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