08/26/21

Macroeconomics: Why would an effect of a tax cut be lower than an increase on the equivalent currency when it comes to government spending?
Why would an effect of a tax cut be lower than an increase on the equivalent currency when it comes to government spending?
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08/25/21

Economics 1 Test
How is the amount of property taxes that a person owes determined?  A. The local government levies property taxes based on the person's credit score.B. The state government levies property taxes... more
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07/20/21

Econ Questions?
Adam Smith's notion of the invisible hand is best summarized by which of the following statements?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an... more
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05/13/21

Should carbon dioxide emmissions be controlled through piguovian taxation or through quantity regulation. Why?
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02/24/21

Monopoly monopolistic competition and perfect competition

do the firms in monopoly monopolistic competition and perfect competition spends any kind of money to advertise their products?
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02/21/21

How do you calculate opportunity cost of attending college when given tuition, books and working time?
If college tuition is $2,000 this semester, books cost $400 and you can only work 10 hours rather than 40 during a 15 week semester, what is your opportunity cost of attending college?
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02/16/21

How would you calculate consumer surplus given a table with consumers' willingness to pay?
Given the following table, calculate the total consumer surplus if the market price is 6. Assume this is a stepped demand curve.
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12/09/20

How do you think about collusion in a economics game theory problem?
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12/09/20

What is the difference between oligopoly and monopolistic competition?
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12/09/20

What is the difference between monopolies and monopolistically competitive markets?
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11/29/20

What are the shortcomings of gross domestic product as a measure of all economic activity in a country?
What are the shortcomings of gross domestic product as a measure of all economic activity in a country?
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11/29/20

How do you calculate nominal GDP if you know the real GDP and price level?
If real GDP increased 2% this year and the price level increased 4% this year, how much did nominal GDP increase this year?
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11/03/20

How do you calculate profit maximizing quantity when given price and cost information?
How do you find out how many products a firm should produce if it sells its products in a perfectly competitive market structure and the market price is $50? You are given the following... more
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09/24/20

How do you find an equal combination of goods, when given an indifference curve?
Suppose your utility function for food (F) and clothing (C) is U(F,C) = F + 4C. If you reduce your clothing consumption by 2 units, how much do you have to increase your food consumption in order... more
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09/23/20

What is the difference between supply and quantity supplied?
How do you differentiate between supply changes and just changes in quantity sold?
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09/08/20

Consumer and Producer Surplus using only algebra to calculate
Calculate the consumer and producer surplus in the following market:Inverse Demand function: P = -2Q + 120 Supply function: P = 0.5Q + 20
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09/08/20

How to read a labor market graph
What is the equilibrium price and quantity in a market for labor hours where: Demand = W = 12 – q/100,000and Supply = W = 6 + q/100,000
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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
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11/14/19

Macroeconomics Homework
1.1 Use the following data: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs,... more
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09/20/19

How do i find the value of a product(shampoo) in real gdp?
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08/14/19

What are the four types of unemployment mentioned in general?
Explain unemployment. In terms of how an economy works, one thing leads to another. There are different reasons why people are unemployed; they may not even be looking for work.
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06/01/19

Can there be too little unemployment for the health of the economy?
The cyclical rate of unemployment can be negative, which implies that the business cycle sometimes produces too little unemployment. How can there be “too little” unemployment for the health of the... more
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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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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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12/19/15

The market demand schedule
I am not fulling understanding this question. Does anyone have any suggestions? Each of 10 firms in a given industry has the costs given in the top table, below. The market demand schedule is... more
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