Microeconomics

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The gambler's fallacy is A) true in many games, such as flipping coins. B) a result of ... Started by student77	1 Replies 27 Views	Jul 1, 2018 by hanadaa
In the long run, a fall in the input price causes less of an increase in factor demand A) if the ... Started by faduma	1 Replies 27 Views	Jul 1, 2018 by bigsis44
The president's budget is submitted to Congress fifteen days after Congress convenes in _____. a. ... Started by colton	1 Replies 74 Views	Jul 1, 2018 by ms_sulzle
You purchase a pizza oven that is expected to last 10 years for 15,000. How do you account for the ... Started by darbym82	3 Replies 89 Views	Jul 1, 2018 by Ksh22
If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the ... Started by Beheh	1 Replies 48 Views	Jul 1, 2018 by briseldagonzales
Agencies budgetary requests will be excessively large because _____. a. demand for government ... Started by sjones	1 Replies 22 Views	Jul 1, 2018 by dudman123
Which of the following is most likely to have increasing opportunity costs? A) a riding lawnmower ... Started by folubunmi	1 Replies 61 Views	Jul 1, 2018 by kjo;oj
In a Bertrand model with identical products A) price is the same as in a competitive market ... Started by HudsonKB16	1 Replies 36 Views	Jul 1, 2018 by lucas dlamini
_____ helps Congress evaluate the president's budget. a. The Treasury Department b. The Office ... Started by Destiiny22	1 Replies 43 Views	Jul 1, 2018 by tjayeee
General-equilibrium analysis is the study of A) how an equilibrium is determined in all markets ... Started by chandani	1 Replies 30 Views	Jul 1, 2018 by nyrave
A jar has 20 red jelly beans and 40 black jelly beans. If you pick a red jelly bean and put it back, ... Started by abern	1 Replies 100 Views	Jul 1, 2018 by Yixagurpuldink
Which of the following could create a cost advantage for a monopoly? A) better technology B) ... Started by madam-professor	3 Replies 39 Views	Jul 1, 2018 by ebe
A sunk cost is A) the cost for drilling certain types of wells, such as a well for water. B) a ... Started by gonzo233	1 Replies 31 Views	Jul 1, 2018 by owenfalvey
Sports announcers often refer to a baseball batter in a hitting slump as being due. If they are ... Started by sjones	1 Replies 38 Views	Jul 1, 2018 by jazzlynnnnn
An employee gains 500 from shirking. Thus, to deter shirking, the employer makes employees post a ... Started by bb	1 Replies 50 Views	Jul 1, 2018 by JCABRERA33
A general-equilibrium analysis of a price change in the corn chip market would include an ... Started by xclash	1 Replies 122 Views	Jul 1, 2018 by ilianabrrr
Managerial economics is best defined as A) the study of economics by managers. B) the study of ... Started by armygirl	1 Replies 88 Views	Jul 1, 2018 by bhavsar
Suppose the market demand elasticity is constant at -2, and there are three identical firms in the ... Started by Medesa	1 Replies 65 Views	Jul 1, 2018 by cloud
Incrementalism may be an efficient way to craft a budget because _____. a. it minimizes ... Started by james	1 Replies 27 Views	Jul 1, 2018 by Jbrasil
Which of the statements below best illustrates the use of the market process in determining the ... Started by Shelles	3 Replies 56 Views	Jul 1, 2018 by Cnarkel
In regression analysis, the dependent variable A) is always quantity demanded. B) is the ... Started by Hungry!	1 Replies 14 Views	Jul 1, 2018 by IAPPLET
Incrementalism makes sense from a politician's perspective, because _____. a. it keeps all ... Started by Starlight	1 Replies 59 Views	Jul 1, 2018 by af
If a firm buys a specialized metal stamping machine that will last 4 years for 125,000 and cannot ... Started by Ebrown	1 Replies 52 Views	Jul 1, 2018 by Tonyam972
The fact that the incremental annual increase in budgets varies considerably by department suggests ... Started by dmcintosh	1 Replies 44 Views	Jul 1, 2018 by brittanywood
Suppose that the supply and demand of wheat depend on the price of wheat (p), the amount of annual ... Started by pane00	1 Replies 138 Views	Jul 1, 2018 by zoeyesther