Microeconomics

"A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and ...

Started by j.rubin

"A demand curve is the same as a marginal cost curve." Is this statement correct or incorrect? ...

Started by Mr. Wonderful

"Allocative efficiency requires that the maximum number of people have access to all of the goods ...

Started by brutforce

"As the quantity of labor hired increases, the value of marginal product stays constant as long as ...

Started by ENagel

"For a perfectly competitive market, an economic profit attracts new firms. But when these firms ...

Started by iveyjurea

"For the U.S. personal income tax, the average tax rate is greater than the marginal tax rate." Is ...

Started by ENagel

"If the distribution of income was equal, the Lorenz curve would be a straight, 45 line." Is the ...

Started by jerry coleman

"If the price falls and, as a result, the total revenue decreases, demand is elastic." Is the ...

Started by RRMR

"In the short run, even when output is zero, the firm still has some variable costs it must pay." Is ...

Started by Caiter2013

"In the United States, more tax revenue is collected through Social Security taxes than through ...

Started by DelorasTo

"One of the defining features of monopolistic competition is product variety." Is the previous ...

Started by TFauchery

"People buy insurance to protect themselves from moral hazard." True or false? Explain.

Started by iveyjurea

"The Clayton Act repealed the Sherman Act so that only the Clayton Act remains in force." Is the ...

Started by sarasara

"The fewer the number of substitutes for a product, the more elastic the demand for that product." ...

Started by Bernana

"The only fair tax is a progressive tax." Comment on this assertion.

Started by james9437

"The price of compact fluorescent light bulbs fell because of improvements in production technology. ...

Started by laurencescou

"When it comes to public goods, individuals do not reveal their true preferences because it is not ...

Started by altibaby

19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ...

Started by mmm

19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ...

Started by ec501234

19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ...

Started by ts19998

19742011Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a ...

Started by Anajune7

2.98 is an example of A) typical pricing. B) markup pricing. C) odd pricing. D) margin ...

Started by lb_gilbert

A "buy one, get one for half price" promotion is an example of

Started by olgavictoria

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

A 0.2 trillion increase in government purchases increases the quantity demanded by 1.0 trillion, ...

Started by gbarreiro