Microeconomics

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"A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and ... Started by j.rubin	3 Replies 6 Views	Oct 5, 2019 by guyanai
"A demand curve is the same as a marginal cost curve." Is this statement correct or incorrect? ... Started by Mr. Wonderful	1 Replies 9 Views	May 24, 2019 by chem1s3
"Allocative efficiency requires that the maximum number of people have access to all of the goods ... Started by brutforce	1 Replies 4 Views	May 24, 2019 by potomatos
"As the quantity of labor hired increases, the value of marginal product stays constant as long as ... Started by ENagel	1 Replies 7 Views	May 24, 2019 by jordangronback
"For a perfectly competitive market, an economic profit attracts new firms. But when these firms ... Started by iveyjurea	1 Replies 9 Views	May 24, 2019 by amynguyen1221
"For the U.S. personal income tax, the average tax rate is greater than the marginal tax rate." Is ... Started by ENagel	3 Replies 8 Views	May 24, 2019 by lorealeza
"If the distribution of income was equal, the Lorenz curve would be a straight, 45 line." Is the ... Started by jerry coleman	1 Replies 5 Views	May 24, 2019 by lorealeza77
"If the price falls and, as a result, the total revenue decreases, demand is elastic." Is the ... Started by RRMR	3 Replies 8 Views	May 24, 2019 by Expo
"In the short run, even when output is zero, the firm still has some variable costs it must pay." Is ... Started by Caiter2013	1 Replies 5 Views	May 24, 2019 by sarajane1989
"In the United States, more tax revenue is collected through Social Security taxes than through ... Started by DelorasTo	1 Replies 5 Views	May 24, 2019 by joanwhite
"One of the defining features of monopolistic competition is product variety." Is the previous ... Started by TFauchery	3 Replies 8 Views	May 24, 2019 by peilian
"People buy insurance to protect themselves from moral hazard." True or false? Explain. Started by iveyjurea	1 Replies 32 Views	May 24, 2019 by daiying98
"The Clayton Act repealed the Sherman Act so that only the Clayton Act remains in force." Is the ... Started by sarasara	3 Replies 7 Views	May 24, 2019 by flexer1n1
"The fewer the number of substitutes for a product, the more elastic the demand for that product." ... Started by Bernana	1 Replies 23 Views	May 24, 2019 by tandmlomax84
"The only fair tax is a progressive tax." Comment on this assertion. Started by james9437	3 Replies 7 Views	May 24, 2019 by johnharpe
"The price of compact fluorescent light bulbs fell because of improvements in production technology. ... Started by laurencescou	3 Replies 14 Views	Oct 5, 2019 by TINA
"When it comes to public goods, individuals do not reveal their true preferences because it is not ... Started by altibaby	3 Replies 20 Views	Oct 5, 2019 by harveenkau8139
19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ... Started by mmm	3 Replies 6 Views	Jul 20, 2019 by Madisongo23
19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ... Started by ec501234	1 Replies 8 Views	Jul 20, 2019 by jxjsniuniu
19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ... Started by ts19998	3 Replies 7 Views	Jul 20, 2019 by Jordin Calloway
19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ... Started by Anajune7	1 Replies 6 Views	Jul 20, 2019 by Ahernandez18
2.98 is an example of A) typical pricing. B) markup pricing. C) odd pricing. D) margin ... Started by lb_gilbert	3 Replies 43 Views	Jun 30, 2018 by jojobee318
A "buy one, get one for half price" promotion is an example of Started by olgavictoria	1 Replies 5 Views	May 24, 2019 by AmberC1996
A $2.00 increase in the size of a tax on a good will only cause the price for buyers to increase by $2.00 if Started by sheilaspns	1 Replies 9 Views	May 24, 2019 by Mollythedog
A 0.2 trillion increase in government purchases increases the quantity demanded by 1.0 trillion, ... Started by gbarreiro	1 Replies 3 Views	Jun 30, 2018 by coyin