Microeconomics

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Which of the following statements about the private production of a public good is true? a. ... Started by Mr.Thesaxman	1 Replies 27 Views	Jul 1, 2018 by cdmart10
The U.S. is planning on imposing quotas on tires imported from china. Domestic retailers predict ... Started by pepyto	1 Replies 35 Views	Jul 1, 2018 by Jmfn03
If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1 increase in inputs ... Started by debasdf	1 Replies 62 Views	Jul 1, 2018 by djpooyouma
When the marginal revenue curve intersects the horizontal axis A) demand is relatively elastic. ... Started by pepyto	1 Replies 48 Views	Jul 1, 2018 by qytan
Sarah has the utility function U(X,Y) = X.5Y.25. When Sarah consumes X = 2 and Y = 6 she has a ... Started by melina_rosy	1 Replies 29 Views	Jul 1, 2018 by mohan
When a collective consumption good become congested _____. a. nothing happens b. it moves ... Started by bb	1 Replies 124 Views	Jul 1, 2018 by hugthug12
Taking actions that reduce risk A) raise your expected value. B) makes you less risk-averse. C) ... Started by kshipps	1 Replies 64 Views	Jul 1, 2018 by moormoney
Which of the following is NOT an example for third-degree price discrimination? A) discounted ... Started by appyboo	3 Replies 58 Views	Jul 1, 2018 by choc0chan
Let the production function be q=ALaKb. The function exhibits decreasing returns to scale if A) a ... Started by erika	1 Replies 55 Views	Jul 1, 2018 by nixon_s
Making many risky bets A) reduces your expected value. B) is called risk-pooling and can reduce ... Started by tatyanajohnson	1 Replies 72 Views	Jul 1, 2018 by bbburns21
The use of most-favored-customer clauses is an example of A) incenting members to maintain the ... Started by penguins	1 Replies 26 Views	Jul 1, 2018 by Dunkey
The fact that most consumers are unable to describe their preferences in terms of a utility function ... Started by humphriesbr@me.com	1 Replies 89 Views	Jul 1, 2018 by kilada
A significant portion of the increase in state tax revenues from 1950 to 1970 was because _____. ... Started by BrownTown3	1 Replies 9 Views	Jul 1, 2018 by jojobee318
Which of the following is a current example of a government-granted cartel? A) the Big Three ... Started by humphriesbr@me.com	1 Replies 23 Views	Jul 1, 2018 by b614102004
To calculate the point elasticity of demand, a manager must know A) where the supply curve ... Started by anshika	1 Replies 30 Views	Jul 1, 2018 by tofugiraffe
A monopoly that is maximizing profits never operates in the ________ portion of the demand curve. ... Started by brutforce	3 Replies 36 Views	Jul 1, 2018 by Ksh22
For a collective consumption good, market demand is found by ______. a. horizontally summing ... Started by sheilaspns	1 Replies 54 Views	Jul 1, 2018 by jomama
The above figure shows a graph of the market for pizzas in a large town. At a price of 10, there ... Started by lindiwe	1 Replies 44 Views	Jul 1, 2018 by lucas dlamini
Show that the utility functions V(X,Y) = XaY1-a and U(X,Y) = a ln(X) + (1-a)ln(Y) represent the same ... Started by naturalchemist	1 Replies 19 Views	Jul 1, 2018 by macagnavarro
In a principal-agent problem, if the contract implies that the more risk-averse agent will bear less ... Started by Jipu 123	1 Replies 151 Views	Jul 1, 2018 by zoeyesther
If Stock A and Stock B both increase in value at the same time, they are A) negatively ... Started by daltonest1984	1 Replies 100 Views	Jul 1, 2018 by Kjones0604
Which of the following is not true of Lindahl prices for collective consumption goods? a. Lindahl ... Started by fnuegbu	1 Replies 33 Views	Jul 1, 2018 by stillxalice
Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is ... Started by Zulu123	1 Replies 50 Views	Jul 1, 2018 by iman
If Stock A and Stock B both decrease in value at the same time, they are A) negatively ... Started by future617RT	3 Replies 44 Views	Jul 1, 2018 by iceage
Lindahl prices for collective consumption goods are _____. a. are sufficient to achieve political ... Started by savannahhooper	1 Replies 32 Views	Jul 1, 2018 by meryzewe