Microeconomics

Replies / Views	Last post
One way to remove the excess labor supply problem from a minimum wage policy is to have the ... Started by beccaep	1 Replies 9 Views	Jul 1, 2018 by vseab
In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's ... Started by Mr. Wonderful	1 Replies 82 Views	Jul 1, 2018 by dpost18
Good A is a normal good. The demand curve for good A: A) slopes downward. B) usually slopes ... Started by jho37	1 Replies 95 Views	Jul 1, 2018 by babybsemail
A positive externality is shown by a marginal social benefit (MSB) curve that is A) above and to ... Started by pane00	1 Replies 26 Views	Jul 1, 2018 by Gabe
Suppose labor and capital are variable inputs. The wage rate is 20 per hour, the marginal product of ... Started by ec501234	1 Replies 29 Views	Jul 1, 2018 by tanna.moeller
Suppose the market demand curve is P = 40 - 2Q and the constant marginal cost of production is MC = ... Started by wenmo	1 Replies 136 Views	Jul 1, 2018 by nickk12214
Refer to Figure 2.1. At point A, demand is: A) completely inelastic. B) inelastic, but not ... Started by bclement10	1 Replies 65 Views	Jul 1, 2018 by wuly
Mixed bundling is more profitable than pure bundling when A) the marginal cost of each good being ... Started by stevenposner	3 Replies 71 Views	Jul 1, 2018 by Dominic
If the initial distribution of labor and capital is Pareto optimal, which of the following ... Started by SO00	1 Replies 118 Views	Jul 1, 2018 by ladyjames123
Loud music from a neighbor's party is A) a negative externality whether or not you like it. B) ... Started by Shelles	1 Replies 29 Views	Jul 1, 2018 by nhea
The equation below gives the degree of economies of scope (SC): SC = (C(Q1 ) + C(Q2 ) - C(Q1,Q2 ... Started by SAVANNAHHOOPER23	1 Replies 63 Views	Jul 1, 2018 by mfedorka
Which of the following product pairs would NOT be good candidates for price discrimination through ... Started by Jramos095	1 Replies 16 Views	Jul 1, 2018 by connor417
Why does perfect competition guarantee a Pareto optimal distribution of goods between two people? ... Started by pragya sharda	1 Replies 13 Views	Jul 1, 2018 by elizabethrperez
Daring Dora holds 90 of her assets in high-technology stocks, earning 12, and 10 in long-term ... Started by soccerdreamer_17	1 Replies 14 Views	Jul 1, 2018 by chreslie
The market supply function is P = 10 + Q and the market demand function is P = 70 - 2Q. What is the ... Started by Engineer	1 Replies 31 Views	Jul 1, 2018 by lkoler
Refer to Figure 2.1. At point C, demand is: A) completely inelastic. B) inelastic, but not ... Started by Lisaclaire	3 Replies 126 Views	Jul 1, 2018 by Sweetkitty24130
For an inferior good, the income and substitution effects A) work together. B) work against ... Started by Jipu 123	1 Replies 58 Views	Jul 1, 2018 by heinisk01
What is the difference between a price support and a price floor? A) A price support is below ... Started by iveyjurea	1 Replies 78 Views	Jul 1, 2018 by Gabe
Labor is typically assumed to be the only variable input in very short-run production systems, and ... Started by hbsimmons88	1 Replies 57 Views	Jul 1, 2018 by aadams68
A move from one point on a contract curve to another point on the contract curve will make A) ... Started by xclash	1 Replies 181 Views	Jul 1, 2018 by shoemake
A price support may be pictured by A) shifting the demand curve to the right by the amount of the ... Started by luvbio	1 Replies 39 Views	Jul 1, 2018 by matt
Which oligopoly model(s) have the same results as the competitive model? A) Cournot B) Bertrand ... Started by fox	1 Replies 65 Views	Jul 1, 2018 by cadimas
When a man invests in controlling weeds and trash that tend to accumulate in his yard, both he and ... Started by jerry coleman	1 Replies 46 Views	Jul 1, 2018 by Carissamariew
For a given pair of production outputs, the degree of economies of scope: A) is constant across ... Started by DelorasTo	3 Replies 28 Views	Jul 1, 2018 by Missbam101
The substitution effect of a price change for product X is the change in consumption of X associated ... Started by bclement10	1 Replies 42 Views	Jul 1, 2018 by micaelaswann