Microeconomics

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If more is better, how can you explain that more pollution doesn't violate this principle? What ... Started by mpobi80	1 Replies 10 Views	Jul 1, 2018 by CAPTAINAMERICA
A good that is similar to another, and can be consumed in place of it, is called A) a normal ... Started by jwb375	1 Replies 47 Views	Jul 1, 2018 by Natalie4ever
A short-run total cost function, TC = 100 + 32Q - 4Q2 + 0.4Q3, indicates the existence of A) a ... Started by penza	3 Replies 28 Views	Jul 1, 2018 by choc0chan
Two goods are ________ if the quantity consumed of one increases when the price of the other ... Started by rl	1 Replies 28 Views	Jul 1, 2018 by kristenb95
If the tax system is made more progressive, the after-tax wages of high-income workers would _____. ... Started by vinney12	1 Replies 41 Views	Jul 1, 2018 by juliaf
The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the ... Started by Alygatorr01285	1 Replies 29 Views	Jul 1, 2018 by kingfahad97
A firm may express increasing, constant and decreasing returns to scale for various levels of ... Started by TVarnum	1 Replies 27 Views	Jul 1, 2018 by matt95
Dairy price supports have the effect of _____. a. decreasing the value of farmland b. ... Started by corkyiscool3328	1 Replies 18 Views	Jul 1, 2018 by Anton
Which of the following will not cause the demand curve for good X to shift? A) a change in the ... Started by haleyc112	1 Replies 64 Views	Jul 1, 2018 by xiaomengxian
If price of product A increases by 10, and the quantity demanded for product B drops by 50, then the ... Started by penza	1 Replies 39 Views	Jul 1, 2018 by asdfasdf
The method of estimating long-run costs in which knowledgeable professionals familiar with ... Started by notis	3 Replies 41 Views	Jul 1, 2018 by Brummell1998
Clifford lives by the motto Eat, drink, and be merry today, for tomorrow doesn't matter. If ... Started by Lobcity	1 Replies 158 Views	Jul 1, 2018 by cloudre37
Consumers are better off with pricing in the following order: 1)________; 2)________; 3)________. ... Started by bobbysung	1 Replies 43 Views	Jul 1, 2018 by mistyjohnson
In a non-cooperative, imperfect information, simultaneous-choice, one-period game, a Nash ... Started by AEWBW	1 Replies 30 Views	Jul 1, 2018 by wergv
The establishment of a government redistributive program such as price supports creates _____. a. ... Started by bclement10	1 Replies 19 Views	Jul 1, 2018 by carojassy25
Consumers who place a high value on a good are better off with pricing in the following order: ... Started by lbcchick	1 Replies 37 Views	Jul 1, 2018 by coreycathey
The major advantage of using cross-sectional analysis for long-run costs studies includes A) the ... Started by ap345	1 Replies 47 Views	Jul 1, 2018 by nanny
All of the following are non-price determinants of supply except A) costs. B) technology. C) ... Started by 2125004343	1 Replies 18 Views	Jul 1, 2018 by at
Welfare payments _____. a. often increase the marginal cost of being employed b. often decrease ... Started by jrubin	3 Replies 37 Views	Jul 1, 2018 by dmurph1496
If the cost of labor increases the isocost line will A) stay the same. B) shift outward in ... Started by meagbuch	1 Replies 35 Views	Jul 1, 2018 by apple
The most effective redistribution programs provide assistance to the hard core poor and transitory ... Started by BRWH	1 Replies 30 Views	Jul 1, 2018 by Jordin Calloway
If the cost of labor decreases the isocost line will A) stay the same. B) shift outward in ... Started by go.lag	1 Replies 46 Views	Jul 1, 2018 by raenoj
Which of the following would cause a short-run decrease in the quantity supplied of personal ... Started by frankwu	1 Replies 13 Views	Jul 1, 2018 by jessofishing
A firm has the following production function: q = (L1/3 + K1/3)3 a. Determine the returns to ... Started by mwit1967	1 Replies 23 Views	Jul 1, 2018 by Mholman93
If the cost of capital increases the isocost line will A) stay the same. B) shift outward in ... Started by Shelles	1 Replies 40 Views	Jul 1, 2018 by olderstudent