Microeconomics

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In perfect competition, at the firm's profit maximizing short run output, which of the following is ... Started by abern	1 Replies 83 Views	Jun 30, 2018 by CourtneyCNorton
It is often found that there is a sufficient mobility within the income distribution such that a ... Started by tiffannnnyyyyyy	1 Replies 74 Views	Jun 30, 2018 by bimper21
An increase in the supply of oranges in a town drives down its price by 5 percent. Which of the ... Started by Kthamas	1 Replies 82 Views	Jun 30, 2018 by bimper21
If cheese spreads and butter are substitutes, an increase in the price of butter will: a. shift the ... Started by aabwk4	1 Replies 119 Views	Jun 30, 2018 by vkodali
If a competitive firm is operating in short run equilibrium and then its fixed costs fall by 40 ... Started by kfurse	1 Replies 47 Views	Jun 30, 2018 by olderstudent
An increase in the price of sodium carbonate, a chemical compound used in detergents, will: a. ... Started by 809779	1 Replies 72 Views	Jun 30, 2018 by mtmmmmmk
A profit maximizing perfectly competitive firm would never operate at an output level where a. it ... Started by swpotter12	3 Replies 108 Views	Jun 30, 2018 by ashely1112
The supply curve of a producer, whose costs vary continuosly with output will be: a. a straight ... Started by a0266361136	1 Replies 69 Views	Jun 30, 2018 by anoriega3
If price is less than average fixed costs, a. the firm should operate, since it is making economic ... Started by michelleunicorn	1 Replies 135 Views	Jun 30, 2018 by Sophiapenny
Assume that a firm's total revenue is less than its total cost for the level of output it is ... Started by jayhills49	1 Replies 164 Views	Jun 30, 2018 by leahchrapun
An increase in the cost of lumbering activities will: a. increase the quantity of wood supplied to ... Started by Jkov05	1 Replies 117 Views	Jun 30, 2018 by covalentbond
Unemployment insurance programs provide benefits to permanently unemployed people. a. True b. ... Started by jenna1	1 Replies 84 Views	Jun 30, 2018 by Harbringer
In a pure exchange market: a. resources are owned only by the government. b. resources are owned ... Started by bb	1 Replies 111 Views	Jun 30, 2018 by Zebsrer
Assume a perfectly competitive firm sells its output for 150 per unit. It currently produces 6,000 ... Started by sammy	1 Replies 77 Views	Jun 30, 2018 by meganlapinski
The market-clearing price is: a. the price at which the market is in equilibrium. b. the price at ... Started by kshipps	3 Replies 156 Views	Jun 30, 2018 by cuttiesgirl16
In the short run, a perfectly competitive firm can earn: a. positive economic profits. b. zero ... Started by D2AR0N	1 Replies 131 Views	Jun 30, 2018 by adf223
Starting from a pure exchange equilibrium, an increase in the demand for a commodity will result in: ... Started by 09madisonrousseau09	1 Replies 231 Views	Jun 30, 2018 by bdobbins
When price exceeds average variable cost for a firm, it is possible that: a. it is earning an ... Started by audragclark	1 Replies 100 Views	Jun 30, 2018 by peter
Which of the following properties hold true for the equilibrium price-quantity combination? a. ... Started by storky111	1 Replies 96 Views	Jun 30, 2018 by nixon_s
If perfectly competitive industry B is currently realizing economic profits, we would expect that: ... Started by panfilo	1 Replies 100 Views	Jun 30, 2018 by jennafosdick
Measures which aim at eliminating the income disparity between the rich and the poor affect ... Started by fagboi	1 Replies 133 Views	Jun 30, 2018 by Shshxj
If the perfectly competitive wiffle ball industry is bearing economic losses, we would expect that: ... Started by JMatthes	1 Replies 90 Views	Jun 30, 2018 by DHRUVSHAH
Income inequality has risen in recent years due to a rise in labor's share of national income as a ... Started by fasfsadfdsfa	3 Replies 135 Views	Jun 30, 2018 by randomguy133
Say that Japanese firms commit to avoid laying off their employees when demand for their products is ... Started by crazycityslicker	1 Replies 73 Views	Jun 30, 2018 by mcabuhat
As exit from a perfectly competitive industry that is currently unprofitable pushes up the market ... Started by lunatika	1 Replies 52 Views	Jun 30, 2018 by Anton