Microeconomics

Replies / Views	Last post
Assume that we have a demand curve of the form: log(Q) = a - b log(P) + c log(I) where Q = quantity, ... Started by natalie2426	1 Replies 18 Views	Jul 1, 2018 by cloudre37
In the short run, a perfectly competitive firm earning negative economic profit is A) on the ... Started by lracut11	1 Replies 31 Views	Jul 1, 2018 by chreslie
As interest rates fall, A) the values of bonds rise. B) the values of bonds fall. C) the ... Started by panfilo	1 Replies 94 Views	Jul 1, 2018 by Andromeda18
The fact that the children of the poor drop out of school earlier than other children is evidence of ... Started by clmills979	1 Replies 52 Views	Jul 1, 2018 by leannegxo
Which of the below outcomes is the result of a Nash equilibrium in pure strategies for the game in ... Started by erika	1 Replies 54 Views	Jul 1, 2018 by rekilledagain
Which of the following is TRUE about a college education as a signaling device? A) It is a useful ... Started by serike	1 Replies 71 Views	Jul 1, 2018 by asdfasdf
See Scenario 4.5. If P = 1,000, the price elasticity of demand: A) is 0, B) is negative ... Started by Alygatorr01285	3 Replies 29 Views	Jul 1, 2018 by lou
The marginal rate of technical substitution is equal to the A) slope of the total product curve. ... Started by Tirant22	1 Replies 48 Views	Jul 1, 2018 by nital
In the game in Scenario 13.10, there is A) a mixed strategy equilibrium, and no other. B) a ... Started by FButt	1 Replies 67 Views	Jul 1, 2018 by frejo
William Julius Wilson ascribes underclass behavior to a distinct culture of poverty. Indicate ... Started by jc611	1 Replies 113 Views	Jul 1, 2018 by Chou
If the isoquants are straight lines, then A) inputs have fixed costs at all use rates. B) the ... Started by sdfghj	1 Replies 111 Views	Jul 1, 2018 by Melissahxx
When the price faced by a competitive firm was 5, the firm produced nothing in the short run. ... Started by dbose	1 Replies 31 Views	Jul 1, 2018 by frejo
The process by which sellers send signals to buyers conveying information about product quality is ... Started by melina_rosy	1 Replies 76 Views	Jul 1, 2018 by ambernicolefink
A production function in which the inputs are perfectly substitutable would have isoquants that are ... Started by mspears3	1 Replies 52 Views	Jul 1, 2018 by l.stuut
See Scenario 4.5. The Engel curve for grilled cheese sandwiches is: A) downward sloping. B) ... Started by fahad	3 Replies 37 Views	Jul 1, 2018 by karmakat49
A perpetual payment of 10,000, offered for sale at 125,000, is being offered at an effective yield ... Started by kfurse	1 Replies 51 Views	Jul 1, 2018 by Swizqar
Scenario 4.5 indicates that grilled cheese sandwiches and hamburgers are: A) substitutes. B) ... Started by SAVANNAHHOOPER23	1 Replies 24 Views	Jul 1, 2018 by Zack0mack0101@yahoo.com
Refer to Scenario 10.2. Suppose that in addition to the tax, a business license is required to stay ... Started by futuristic	1 Replies 22 Views	Jul 1, 2018 by fdliggud
Consider the Matching Pennies game: Player B - heads Player B - tails Player A - heads 1, -1 -1, ... Started by audragclark	1 Replies 221 Views	Jul 1, 2018 by momo1250
Which of the following algebraic forms for a demand curve yields an isoelastic demand curve? A) Q ... Started by rmenurse	1 Replies 24 Views	Jul 1, 2018 by lkanara2
Welfare mothers' desires for their children are quite high, but their expectations are much lower. ... Started by arivle123	1 Replies 50 Views	Jul 1, 2018 by SAUXC
According to Scenario 8.1, Fizzle and Sizzle A) would be perfectly competitive if their ... Started by fbq8i	1 Replies 21 Views	Jul 1, 2018 by peilian
Refer to Scenario 10.3. What level of output maximizes revenue? A) 0 B) 45 C) 85 D) 125 ... Started by chads108	3 Replies 48 Views	Jul 1, 2018 by Sammyo
Use the following statements to answer this question: I. The effective yield is generally easier to ... Started by lunatika	1 Replies 22 Views	Jul 1, 2018 by Cnarkel
Not all in-kind transfers represent an improved standard of living. Indicate whether the ... Started by geoffrey	1 Replies 40 Views	Jul 1, 2018 by lorealeza