Microeconomics

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A firm sells 1000 units per week. It charges 70 per unit, the average variable costs are 25, and the ... Started by sarasara	1 Replies 53 Views	Jul 1, 2018 by mirabriestensky
A firm sells 1000 units per week. It charges 15 per unit, the average variable costs are 10, and the ... Started by EY67	1 Replies 70 Views	Jul 1, 2018 by Anton
A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and ... Started by 809779	1 Replies 163 Views	Jul 1, 2018 by Pswine
A firm sets its price at 10.00 per unit. It has an average variable cost of 8.00 and an average ... Started by darbym82	1 Replies 55 Views	Jul 1, 2018 by Jossy
In order to continue operating, in the long-run a firm must a. Charge a price equal to its AVC b. ... Started by altibaby	3 Replies 31 Views	Jul 1, 2018 by mfedorka
A firm's fixed but avoidable costs are 100,000 and its variable costs are 250 per unit. It produces ... Started by leo leo	1 Replies 90 Views	Jul 1, 2018 by angrybirds13579
A shoe manufacturer is producing at a point where its marginal costs are 5 and its fixed costs are ... Started by gbarreiro	1 Replies 42 Views	Jul 1, 2018 by sarajane1989
Hold-up problems usually occur when a. One of the parties makes a heavy investment in equipment ... Started by rosent76	1 Replies 85 Views	Jul 1, 2018 by tashiedavis420
If a firm anticipates that it is at a risk of being held up, it is more likely to a. forgo the ... Started by javeds	1 Replies 53 Views	Jul 1, 2018 by mjenn52
Firms that anticipate hold-up, choose organizational or contractual forms a. that give both parties ... Started by ss2343	1 Replies 26 Views	Jul 1, 2018 by makaylafy
Project Delay Prescott Labs is considering developing a defibrillator product. You know that will ... Started by WWatsford	1 Replies 18 Views	Jul 1, 2018 by mochi09
Discontinuing a Generic Drug Prescott Pharmaceuticals makes a number of generic versions of drugs. ... Started by lracut11	1 Replies 74 Views	Jul 1, 2018 by blakeserpa
Discontinuing a Missile Program Merowak Missiles has developed its Democratizer Offensive Weapon ... Started by plus1	3 Replies 26 Views	Jul 1, 2018 by cici
Funding a Missile Program Merowak Missiles is proposing to develop its next generation Democratizer ... Started by 09madisonrousseau09	1 Replies 81 Views	Jul 1, 2018 by stallen
Bidding on a Missile Program Merowak Missiles is proposing to develop its next generation ... Started by Marty	1 Replies 61 Views	Jul 1, 2018 by amandanbreshears
The first law of demand states that a. the quantity demanded increases as price falls b. the ... Started by mspears3	1 Replies 88 Views	Jul 1, 2018 by Bigfoot1984
Its lunch time, you are hungry and would like to have some pizza. By the law of diminishing marginal ... Started by charchew	1 Replies 57 Views	Jul 1, 2018 by chinwesucks
As a consumer you believe yourself to act rationally, optimally and self-interestedly. You like ice ... Started by Hungry!	1 Replies 17 Views	Jul 1, 2018 by lin77x
The difference between the value you place on a product and its market price is called a. Consumer ... Started by waynest	1 Replies 17 Views	Jul 1, 2018 by Laurenleakan
If the cheeseburger costs 2, how many cheeseburgers would you buy a. 1 b. 2 c. 3 d. ... Started by 2125004343	1 Replies 68 Views	Jul 1, 2018 by dajones82
What is your total consumer surplus at the optimal consumption level? a. 2 b. 3 c. 11.50 d. ... Started by armygirl	3 Replies 18 Views	Jul 1, 2018 by jomama
An rational, optimizing, self interested consumer would consume up to the point where a. the ... Started by jasdeep_brar	1 Replies 16 Views	Jul 1, 2018 by Brenm
A demand curves describes a. the amount of units a consumer will purchase at a given price b. the ... Started by sammy	1 Replies 32 Views	Jul 1, 2018 by nmyers
What is consumer surplus? a. The maximum willingness to pay for a unit of a product b. The price ... Started by cherise1989	1 Replies 36 Views	Jul 1, 2018 by juliaf
What criteria do consumers apply when deciding whether or not to consume a. The consumer would ... Started by geoffrey	1 Replies 29 Views	Jul 1, 2018 by triiciiaa