Microeconomics

Replies / Views	Last post
Private income and wealth completely determine how many goods and services one consumes. Indicate ... Started by bobbie	1 Replies 133 Views	Jul 1, 2018 by spencer.martell
The amount of output that a firm decides to sell has no effect on the market price in a competitive ... Started by AEWBW	1 Replies 116 Views	Jul 1, 2018 by xiaomengxian
Refer to Figure 6.1. At point C A) the marginal product of labor is greater than the average ... Started by cool	3 Replies 31 Views	Jul 1, 2018 by sierramartinez
Medical histories used by insurance firms allow them to A) identify high-risk people, so they can ... Started by strangeaffliction	1 Replies 32 Views	Jul 1, 2018 by recede
If the market price for a competitive firm's output doubles then A) the profit maximizing output ... Started by natalie2426	1 Replies 53 Views	Jul 1, 2018 by swimkari
Social equality implies the absence of class stratification. Indicate whether the statement is ... Started by codyclark	1 Replies 62 Views	Jul 1, 2018 by kmb352
The area below the demand curve and above the price line measures A) consumer surplus. B) ... Started by go.lag	1 Replies 28 Views	Jul 1, 2018 by steff9894
In the arena of asymmetric information, standardization (for example, menus at McDonald's ... Started by magmichele12	1 Replies 41 Views	Jul 1, 2018 by huda
Why is there a deadweight loss associated with subsidy payments? A) There is no deadweight loss ... Started by RODY.ELKHALIL	1 Replies 32 Views	Jul 1, 2018 by shaquita
The provision of an education in public school is A) exclusive and rival. B) exclusive and ... Started by vicotolentino	1 Replies 74 Views	Jul 1, 2018 by shailee
Marginal profit is negative when: A) marginal revenue is negative. B) total cost exceeds total ... Started by mrsjacobs44	3 Replies 114 Views	Jul 1, 2018 by milbourne11
You want to add a new room on your house, but you are not familiar with the local building ... Started by Redwolflake15	1 Replies 38 Views	Jul 1, 2018 by Fayaz00962
To avoid the stock versus flow issue in production, some economists discuss capital usage in terms ... Started by ssal	1 Replies 41 Views	Jul 1, 2018 by diesoon
Consider the following game in which two firms decide how much of a homogeneous good to produce. ... Started by eruditmonkey@yahoo.com	1 Replies 52 Views	Jul 1, 2018 by joewallace
Suppose the state legislature in your state imposes a state licensing fee of 100 per year to be paid ... Started by penza	1 Replies 102 Views	Jul 1, 2018 by bimper21
Strategies such as public funding of schools, compensatory education, pre-school programs, ... Started by Yi-Chen	1 Replies 65 Views	Jul 1, 2018 by CAPTAINAMERICA
To find the social marginal benefit of public goods, one needs to A) sum the consumers' demand ... Started by bobthebuilder	1 Replies 36 Views	Jul 1, 2018 by yifu223
When asymmetric information problems drive high quality products from a market, we refer to this ... Started by karen	1 Replies 55 Views	Jul 1, 2018 by b614102004
The distribution of income is not a zero-sum game. Indicate whether the statement is true or ... Started by cookcarl	3 Replies 21 Views	Jul 1, 2018 by shayla
One of the factors contributing to the fact that labor productivity is higher in the U.S. than in ... Started by WhattoUnderstand	1 Replies 19 Views	Jul 1, 2018 by reversalruiz
Suppose your firm operates in a perfectly competitive market and decides to double its output. How ... Started by renzo156	1 Replies 146 Views	Jul 1, 2018 by lolol
How do online auction sites like Ebay attempt to overcome the asymmetric information problems ... Started by c0205847	1 Replies 42 Views	Jul 1, 2018 by alexanderhamilton
In closing down a military base, environmental inspectors found 100 tons of toxic waste. Which of ... Started by Sportsfan2111	1 Replies 56 Views	Jul 1, 2018 by bhavsar
Suppose we plot the total revenue curve with quantity on the horizontal axis and revenue on the ... Started by penza	1 Replies 117 Views	Jul 1, 2018 by lkoler
If the interest rate is 5, in one period the future value of 1 today is A) 1.20. B) 1.05. C) ... Started by beccaep	1 Replies 45 Views	Jul 1, 2018 by bigcheese9