Microeconomics

Replies / Views	Last post
The demand curve for a monopolist is: a. the demand curve for the industry. b. less than the ... Started by wenmo	1 Replies 4 Views	Jun 30, 2018 by shailee
Consider a firm with the following cost information: ATC = 15, AVC = 12, and MC = 14 . If we know ... Started by OSWALD	1 Replies 4 Views	Jun 30, 2018 by joanwhite
Maximizing profit means finding the maximum difference between: a. TR and TC. b. MR and MC. c. ... Started by meagbuch	1 Replies 4 Views	Jun 30, 2018 by Smiles0805
If demand price elasticity measures 2, this implies that consumers would: a. buy twice as much of ... Started by gbarreiro	1 Replies 4 Views	Jun 30, 2018 by jesse.fleming
According to the search model, we should expect greater price dispersion for a given good a. if the ... Started by lilldybug07	1 Replies 4 Views	Jun 30, 2018 by djpooyouma
When David Palmisano won the Powerball, he could choose between getting annual installments or ... Started by Charlie	1 Replies 4 Views	Jun 30, 2018 by macagn
The threat of a strike a. can serve as an incentive for labor and management to reach an agreement ... Started by saraeharris	1 Replies 4 Views	Jun 30, 2018 by ngr69
Leisure time is not subject to diminishing marginal utility. a. True b. ... Started by rayancarla1	1 Replies 4 Views	Jun 30, 2018 by lkanara2
If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam a. is ... Started by cagreen833	1 Replies 4 Views	Jun 30, 2018 by amandanbreshears
People supply their resources to the highest-paying alternative, even if working conditions are not ... Started by s.tung	3 Replies 4 Views	Jun 30, 2018 by moormoney
If the leading canned soup company introduces dozens of new flavors in order to dominate shelf ... Started by Sportsfan2111	1 Replies 4 Views	Jun 30, 2018 by bblaney
A constant-cost industry is one that can expand and contract without effecting per unit production ... Started by Mr3Hunna	1 Replies 4 Views	Jun 30, 2018 by komodo7
Consumer concern about blood diamonds, a diamond mined in a war zone and sold to finance an ... Started by imowrer	1 Replies 4 Views	Jun 30, 2018 by katara
Many auction markets a. are perfectly competitive because they involve an identical or nearly ... Started by michelleunicorn	1 Replies 4 Views	Jun 30, 2018 by manuelcastillo
Which of the following conditions would distinguish a competitive firm from a monopolist? a. The ... Started by vHAUNG6011	1 Replies 4 Views	Jun 30, 2018 by momtoalll
In the short run, a firm will produce a positive amount of output as long as a. P > AVC at some ... Started by ereecah	1 Replies 4 Views	Jun 30, 2018 by owenfalvey
Claude's Copper Clappers sells clappers for 65 each in a perfectly competitive market. At its ... Started by savannahhooper	1 Replies 4 Views	Jun 30, 2018 by mirabriestensky
Suppose you drink more tea because the price of coffee has increased. Which of the following best ... Started by joe	1 Replies 4 Views	Jul 1, 2018 by SAUXC
If the value of the euro increases relative to the U.S. dollar, then French goods will be less ... Started by jho37	1 Replies 4 Views	Jul 1, 2018 by coreycathey
Household production increases when there is a stronger desire to avoid taxation. a. True b. ... Started by kshipps	3 Replies 4 Views	Jul 1, 2018 by Amiracle
Raghib teaches mathematics at Camford University and receives 40,000 per year. His spouse, Noraini, ... Started by vicotolentino	1 Replies 4 Views	Jul 1, 2018 by missalyssa26
Jan is a hyperbolic discounter. She puts weight 1 on utility earned in the current period but only ... Started by shenderson6	1 Replies 4 Views	Jul 1, 2018 by gasdhashg
The present value of 1 payable in two years is a. 1. b. 1/(1 + 2r). c. 1/(1 2r). d. 1/(1 + ... Started by nummyann	1 Replies 4 Views	Jul 1, 2018 by sierramartinez
Using the physician-control model to explain hospital behavior leads to which of the following ... Started by Arii_bell	1 Replies 4 Views	Jul 1, 2018 by macagnavarro
If an individual buys only two goods and these must be used in a fixed relationship with one another ... Started by nenivikky	1 Replies 4 Views	Jul 1, 2018 by tuate