Microeconomics

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The law of diminishing returns assumes that A) there is at least one fixed input. B) all inputs ... Started by amal	1 Replies 25 Views	Jul 1, 2018 by dyrone
The flawed character cause of poverty refers to individual defects in aspiration or ability. ... Started by ahriuashd	1 Replies 58 Views	Jul 1, 2018 by rekilledagain
Suppose MRS does not equal MRT for all consumers. In this case, the economic outcome is not fully ... Started by burchfield96	1 Replies 26 Views	Jul 1, 2018 by djofnc
Marginal revenue, graphically, is A) the slope of a line from the origin to a point on the total ... Started by JMatthes	1 Replies 30 Views	Jul 1, 2018 by Dominic
John is a 55-year-old male smoker, about 50 pounds overweight, who has high blood sugar and drinks ... Started by penguins	3 Replies 158 Views	Jul 1, 2018 by stallen
The restricted opportunity cause of poverty is due to government destroying incentives. Indicate ... Started by CQXA	1 Replies 32 Views	Jul 1, 2018 by blazinlyss
A dominant strategy can best be described as A) a strategy taken by a dominant firm. B) the ... Started by cookcarl	1 Replies 82 Views	Jul 1, 2018 by Awesome
The problem of adverse selection in health insurance leads to a situation in which A) health ... Started by lracut11	1 Replies 74 Views	Jul 1, 2018 by tennis14576
In 1994, the state of California suffered a devastating earthquake. To help pay for the damages, the ... Started by lidoalex	1 Replies 84 Views	Jul 1, 2018 by cloud
The difference between the marginal social cost and the private cost of a common property resource ... Started by nelaaney	1 Replies 31 Views	Jul 1, 2018 by macmac
In a certain textile firm, labor is the only short term variable input. The manager notices that the ... Started by jazziefee	1 Replies 70 Views	Jul 1, 2018 by frre432
The Clinton administration has recommended an increase in the tax on yachts to help pay for ... Started by BRWH	1 Replies 38 Views	Jul 1, 2018 by strudel15
If you accept the big brother cause of poverty, it might be helpful if the government did less ... Started by michelleunicorn	3 Replies 21 Views	Jul 1, 2018 by memslove
Consider the following statements when answering this question. I. If no consumer has a kinked ... Started by tuffie	1 Replies 18 Views	Jul 1, 2018 by Melissahxx
At a given level of labor employment, knowing the difference between the average product of labor ... Started by Mollykgkg	1 Replies 49 Views	Jul 1, 2018 by babybsemail
When the TR and TC curves have the same slope, A) they are the furthest from each other. B) ... Started by kwoodring	1 Replies 99 Views	Jul 1, 2018 by Harbringer
Suppose a labor market has perfectly inelastic supply that is composed of union and non-union ... Started by TVarnum	1 Replies 68 Views	Jul 1, 2018 by essyface1
To determine whether an increase in the price of gasoline results in a consumer spending a larger ... Started by bio_gurl	1 Replies 126 Views	Jul 1, 2018 by momo1250
For some fisheries in the U.S., the state or federal government imposes gear restrictions that limit ... Started by humphriesbr@me.com	1 Replies 173 Views	Jul 1, 2018 by atrochim
Assume that both high and low quality appliances are sold in the used appliance market. If we assume ... Started by Shelles	1 Replies 71 Views	Jul 1, 2018 by scikid
Most Americans believe that anyone who is poor can get rich by working hard. Indicate whether the ... Started by humphriesbr@me.com	3 Replies 49 Views	Jul 1, 2018 by izzat
Suppose the private marginal cost of pumping water from an aquifer remains constant as the quantity ... Started by deesands	1 Replies 37 Views	Jul 1, 2018 by AngeliqueG
If current output is less than the profit-maximizing output, which must be true? A) Total revenue ... Started by michelleunicorn	1 Replies 43 Views	Jul 1, 2018 by Bison
Consider a market in which high-quality and low-quality television sets are sold. Before consumers ... Started by justinmsk	1 Replies 70 Views	Jul 1, 2018 by juliaf
Externalities can lead to inefficient economic outcomes because: A) firms do not have to pay the ... Started by formula1	1 Replies 29 Views	Jul 1, 2018 by Chelseyj.hasty