Microeconomics

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Pricing to Competition When ShorTech introduced its Quadrant mobile phone, it had few competitors ... Started by NguyenJ	1 Replies 115 Views	Jul 1, 2018 by GCabra
Music Pricing Downloads of digital entertainment goods, e.g., movies, songs, books, have marginal ... Started by khang	3 Replies 376 Views	Jul 1, 2018 by dantucker
Lunch Counter The Lunchbox is one of many options for workers in Lanford, IL to get a quick and ... Started by Davideckstein7	1 Replies 148 Views	Jul 1, 2018 by mathjasmine
The law of diminishing marginal productivity states that a. As you expand output, your marginal ... Started by mspears3	1 Replies 26 Views	Jul 1, 2018 by tdewitt
Average costs curves rise with production a. Due to declining average fixed costs b. Due to rising ... Started by ARLKQ	1 Replies 54 Views	Jul 1, 2018 by Jbrasil
Which one of the statements is true? a. Diminishing returns is a long-run concept while decreasing ... Started by Mr.Thesaxman	1 Replies 43 Views	Jul 1, 2018 by bblaney
Which of the following statements describes the presence of diminishing returns? All else equal, a. ... Started by abern	1 Replies 66 Views	Jul 1, 2018 by parshano
All the factors below are causes of diminishing marginal returns, except a. Difficulty of ... Started by Anajune7	1 Replies 23 Views	Jul 1, 2018 by mcomstock09
If average cost is decreasing, then marginal cost a. Must be increasing b. Must be greater than ... Started by codyclark	1 Replies 64 Views	Jul 1, 2018 by beccamahon
Marginal productivity is a. The total output associated with total inputs b. The total output ... Started by silviawilliams41	3 Replies 91 Views	Jul 1, 2018 by TDubDCFL
Once marginal costs rise above the average cost, a. Average cost increases b. Average cost ... Started by krzymel	1 Replies 55 Views	Jul 1, 2018 by tmlewis4706
When a firm's marginal productivity declines as output increases, then the firm is experiencing a. ... Started by chandani	1 Replies 42 Views	Jul 1, 2018 by joshbk44
Diminishing marginal productivity implies a. decreasing marginal costs b. increasing marginal ... Started by panfilo	1 Replies 26 Views	Jul 1, 2018 by spencer.martell
Diminishing marginal productivity can occur due to the following reason(s) a. the difficulty of ... Started by TVarnum	1 Replies 119 Views	Jul 1, 2018 by choc0chan
If marginal costs rises above average costs, average costs must a. Be increasing b. Be decreasing ... Started by 2125004343	1 Replies 83 Views	Jul 1, 2018 by lindahyatt42
If marginal costs fall below average cost, average cost must be a. Be increasing b. Be decreasing ... Started by neverstopbelieb	1 Replies 143 Views	Jul 1, 2018 by ms_sulzle
A rising average cost implies that a. marginal cost is equal to average cost b. marginal cost is ... Started by chandani	1 Replies 131 Views	Jul 1, 2018 by sultansheikh
A falling average cost implies that a. marginal cost is above average cost b. marginal cost is ... Started by Zoey63294	3 Replies 209 Views	Jul 1, 2018 by bobsmith
Average costs _______initially due to the presence of fixed costs and then rise due to _________ a. ... Started by Arii_bell	1 Replies 21 Views	Jul 1, 2018 by Hdosisshsbshs
Average costs_____ initially due to the presence of fixed costs and then _____due to increasing ... Started by swpotter12	1 Replies 7 Views	Jul 1, 2018 by recede
Which of the following is true a. Increasing output always leads to increase in profits b. ... Started by jho37	1 Replies 15 Views	Jul 1, 2018 by milbourne11
If long run average costs are constant with respect to output, you have a. Increasing returns to ... Started by Yolanda	1 Replies 28 Views	Jul 1, 2018 by potomatos
If long run average costs rise with output, you have a. Increasing returns to scale b. Decreasing ... Started by 809779	1 Replies 34 Views	Jul 1, 2018 by Bigfoot1984
If long run average costs fall with output, you have a. Increasing returns to scale b. Decreasing ... Started by meagbuch	1 Replies 34 Views	Jul 1, 2018 by kjo;oj
When a firm is experiencing decreasing marginal costs, it could be because a. The average costs are ... Started by tnt_battle	1 Replies 73 Views	Jul 1, 2018 by Sierray