Microeconomics

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If demand is inelastic A) then a 1 increase in price leads to a fall in quantity of greater than ... Started by RRMR	1 Replies 16 Views	Jul 1, 2018 by 1_Step_At_ATime
When import restrictions are placed on a good, and as a result the price of the good increases, the ... Started by SO00	1 Replies 20 Views	Jul 1, 2018 by matt95
The Nifty Gum Co has purchased a large parcel of land for 1 million. The company recently discovered ... Started by biggirl4568	1 Replies 55 Views	Jul 1, 2018 by potomatos
Suppose a perfectly competitive firm's production function is q = L0.2K0.6 and it takes the wage and ... Started by Davideckstein7	1 Replies 26 Views	Jul 1, 2018 by Kaytorgator
For each level of government (federal, state and local) list the most important source of tax ... Started by gbarreiro	3 Replies 35 Views	Jul 1, 2018 by Kimmy
As other firms enter a monopoly's market, the demand curve a monopoly faces A) is unaffected. B) ... Started by fasfsadfdsfa	1 Replies 55 Views	Jul 1, 2018 by nanny
The question of whether the public or the private sector is appropriate to provide public goods must ... Started by Chloeellawright	1 Replies 105 Views	Jul 1, 2018 by debra928
Sue is taking an accounting job she was offered that pays 67,000 per year. She also had two other ... Started by s.tung	1 Replies 34 Views	Jul 1, 2018 by efwsefaw
Tom is going to quit his job to pursue his PhD in economics, which will take him 6 years to ... Started by ss2343	1 Replies 26 Views	Jul 1, 2018 by xthemafja
If demand is perfectly inelastic A) then a 1 increase in price leads to a fall in quantity of ... Started by mp14	1 Replies 20 Views	Jul 1, 2018 by duke02
Most public goods produced by government are nonexcludable because the costs of exclusion are too ... Started by Yolanda	1 Replies 10 Views	Jul 1, 2018 by Expo
Manisha could work for another firm making 10,000 per month, but she decides to open her own gourmet ... Started by jhjkgdfhk	1 Replies 40 Views	Jul 1, 2018 by Sierray
A vertical demand curve A) is impossible. B) reasonably represents demand for essential goods. ... Started by olgavictoria	3 Replies 10 Views	Jul 1, 2018 by diesoon
If differentiation makes the market demand curve less elastic, then A) consumer surplus ... Started by mpobi80	1 Replies 39 Views	Jul 1, 2018 by onowka
What is meant by revenue-neutral tax reform? How might agreeing to revenue-neutral tax reform help ... Started by jake	1 Replies 28 Views	Jul 1, 2018 by paavo
If the average product of labor equals the marginal product of labor, then A) the average product ... Started by jman1234	1 Replies 45 Views	Jul 1, 2018 by bbburns21
In a perfectly competitive resource market, the labor supply curve facing the single firm is A) ... Started by Hungry!	1 Replies 17 Views	Jul 1, 2018 by amcvicar
An old friend takes you out to dinner and pays for your meal. Which of the following best represents ... Started by leo leo	1 Replies 79 Views	Jul 1, 2018 by Jayson
Prior to 1921, the President _____ the budget process. a. played a significant role in b. ... Started by madam-professor	1 Replies 60 Views	Jul 1, 2018 by kjohnson
With regards to an investment project, which of the following is TRUE? A) A risk-neutral ... Started by DelorasTo	1 Replies 25 Views	Jul 1, 2018 by deja
The primary reason the federal budgeting process changed in 1921 was that _____. a. the level of ... Started by rmenurse	3 Replies 24 Views	Jul 1, 2018 by sultansheikh
Mergers often increase profit by A) producing economies of scale. B) producing economies of ... Started by Davideckstein7	1 Replies 34 Views	Jul 1, 2018 by tranoy
Ramen noodles are likely considered A) a normal good. B) an inferior good. C) to have inelastic ... Started by laurencescou	1 Replies 35 Views	Jul 1, 2018 by Eunice618
A durable good is product that A) holds up well under abuse. B) has had the same design over a ... Started by P68T	1 Replies 51 Views	Jul 1, 2018 by covalentbond
Premium beer is likely considered A) a normal good. B) an inferior good. C) to have inelastic ... Started by colton	1 Replies 45 Views	Jul 1, 2018 by mirabriestensky