Economics

In the above figure, if the price of pizza falls, the budget line A) rotates outward and becomes ...

Started by james

Sarah consumes pizzas and hamburgers. The price of a hamburger is 1 and the marginal utility from ...

Started by luvbio

As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we ...

Started by bucstennis@aim.com

China is one of the world's largest exporters. As the world's economies slipped into a worldwide ...

Started by james0929

The income elasticity of demand for bicycles is +10, which implies that bicycles are A) an ...

Started by Garrulous

Total fixed cost A) increases as output increases. B) does not change as output changes. C) ...

Started by meagbuch

A cartel is an agreement A) among firms to flood the market and eliminate competition. B) among ...

Started by genevieve1028

Country A can produce 1 cello by giving up the production of 5 guitars. Country B can produce 1 ...

Started by laurencescou

The recent hurricanes in Florida are bringing financial gain to California citrus growers. Due to ...

Started by james9437

If a good has zero external costs, then A) marginal social cost equal marginal private cost. B) ...

Started by K@

In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ...

Started by V@ndy87

A characteristic of monopolistic competition is that each firm A) faces perfectly elastic demand. ...

Started by saliriagwu

An uncrowded toll road is ________ because it is ________. A) a public good; both nonrival and ...

Started by Shelles

If the wage that a competitive firm must pay its workers exceeds their value of marginal product, ...

Started by imanialler

Suppose that a monopoly is currently producing the quantity at which marginal revenue is less than ...

Started by gonzo233

In the above figure if money income increases, the budget line A) shifts outward and its slope ...

Started by jrubin

If M = 100, Y = 500 and P = 2, then V is equal to A) 0.10 B) 1. C) 10. D) ...

Started by lilldybug07

Compared to corporations, businesses that are proprietorships A) are far more numerous. B) ...

Started by sammy

As world economies start to recover from the 2008 financial crisis and firms expect profits to ...

Started by mydiamond

Which of the following would be classified as a fixed cost for the local supermarket? A) The cost ...

Started by sam.t96

A Business Wire report shows that sales at Target stores increased in 2012 compared to the previous ...

Started by luvbio

Suppose that you consume only pizza and Diet Pepsi. The table above gives your utility from ...

Started by Mollykgkg

The marginal social cost of production is the A) marginal private cost plus the marginal external ...

Started by clippers!

Which of the following is likely to be nonexcludable but rival? A) walking along a crowded hiking ...

Started by a0266361136

A profit maximizing single-price monopolist charges a price equal to A) average total cost. B) ...

Started by jayhills49