Microeconomics

People leave their home country and go to another country to live primarily because they seek a ...

Started by cabate

The point elasticity is a measure of the sensitivity of consumers to a large price change - a range ...

Started by luvbio

Interest paid on a bank loan by a local ice cream producer is: a. an implicit cost for the ice ...

Started by Hungry!

Because of illegal immigrants, the equilibrium wage rate of unskilled labor falls. a. True b. ...

Started by s.tung

Assume that as the price of wheat falls from 10 to 8, the quantity demanded of wheat increases from ...

Started by ishan

A production function: a. shows the relationship between a firm's costs and revenues. b. shows the ...

Started by folubunmi

Border enforcement if effective would raise the number of illegal immigrants into the United States. ...

Started by vicotolentino

If the price elasticity of supply is zero, the supply curve is a horizontal line parallel to the ...

Started by leo leo

The principal argument against comparable worth is that the demand and supply of labor in the labor ...

Started by ETearle

In the long run, the quantity of capital available to a firm is fixed. a. True b. False Indicate ...

Started by Frost2351

Diminishing marginal product of labor occurs when: a. adding another unit of labor increases ...

Started by skymedlock

Economic theory suggests that the consumer prejudice explanation for discrimination means that ...

Started by Jramos095

If firms have to change their production techniques in order to change the quantities they supply, ...

Started by acc299

The short run is that period in which firms: a. are free to vary all inputs. b. are able to vary ...

Started by bobypop

Sometimes the only information that is available with the employers when they hire someone is ...

Started by jasdeep_brar

If a 10 percent increase in price leads to a 20 percent increase in the quantity supplied, then the ...

Started by nelaaney

Which of the following is a reason that marginal product will eventually begin to fall? a. ...

Started by c0205847

In 2001, Alex Rodriguez, a baseball player, was given a contract paying about 25 million per ...

Started by jilianpiloj

If supply is price-inelastic and demand is price-elastic, then the firm can earn positive profits by ...

Started by geoffrey

Rose, who grows geraniums to sell, is currently producing a level of output at which her marginal ...

Started by panfilo

It has been proved empirically that marriage and children lowers a woman's ability to earn as much ...

Started by khang

If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will ...

Started by karen

During the short-run period of the production process, a firm is: a. unable to vary any of its ...

Started by littleanan

Forcing members of a group into certain kinds of occupations is known as statistical discrimination. ...

Started by saraeharris

To economists, feelings such as peace, serenity, religious devotion, and self-esteem are captured in ...

Started by NClaborn