Microeconomics Questions

Therefore, a product with high total revenue is less elastic than the products with less or low total revenue. Bottled water is elastic since there exists alternative or substitute to bottled water like un-bottled water which might be cheaper. Toothpaste is also very elastic since there exists very many brands of toothpaste and some people […]

Read More

To What Extent Is Business Model Innovation Relevant for Achieving Success in ECommerce from a MicroEconomic Framework

The position of IBM was emphasised as well as other authors, but the most relevant position came from Vadim Kotelnikov, who gives a satisfactory explanation about the complexity of the new market conditions driven by technological innovation as much as business model innovations.AGLOCO (2007) stands for A GLOBAL COMMUNITY. It is a new online startup […]

Read More

Number

Units of of workers Micro Module 2 Homework.pdf x+Xlt; -gt; C @ File | fs1/users/bianca.dahlinger/Desktop/Micro%20Module%202%20Homework.pdfMicro Module 2 Homework.pdf8 / 15Page 8#1#2#3#5#4Average costs ($)0XOutput28). As the firm in the above graph expands from plant size #1 to plant size #3, it experiences:A) diminishing returns. B) economies of scale. C) diseconomies of scale. D) constant costs.+Microeconomics

Read More

Confused About

The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $10. Sales revenue is$20 per unit. Fill in the table as much as is useful. Calculate profits and answer the followingquestions 1-7TotalAverageAverageVariableFixedTotalvariabletotalmarginalQuantitycostcostcostcostcostcost0101102283454701. What is the total cost for an output of 4 units?a) 0b)14c)60d)80e) none of the above2. What is the Average variable cost […]

Read More

Hello There Kindly Find A Screen Shot Of A Question For Microeconomics Concerning International Trade Supply And

2) The North American Free Trade Agreement (NAFTA), signed in 1994, reduced tradebarriers between the United States, Canada, and Mexico. During the 2016 presidentialcampaign, several prominent candidates from both parties denounced NAFTA as havinghad a negative impact on jobs in the United States. In particular, they cited the impact onmanufacturing jobs.a. In what ways might […]

Read More

Hello I Was Just Wondering About How The Cost Of Labour And Capital In The Following Question Factor Into

The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.Labour per periodTotal output per period00103090132150TABLE 7-35) Refer to Table 7-3. The average total cost when […]

Read More

In A Market Based Economy What Is The Role Of Prices Transmitters/Signals? How Do Prices Guide Economic Decisions

Question In a market based economy what is the role of prices transmitters/signals? How do prices guide economic decisions and allocated scarce resources? Explain the role prices play in balancing supply and demand for goods and services. Provide commentary and graphical analysis. Does the concept of opportunity cost play a role in the determination of […]

Read More

4 You Just Purchased An Existing Business That Produces Solar Panels According To The Following Production

Question 4. You just purchased an existing business that produces solar panels according to the following production function: Q=K0.5L0.5. The business currently has 25 units of capital, which cost $1 each, and no workers. Your first order of business is to hire workers and begin production. Workers can be hired for $1 each. The market […]

Read More

Cocacola Has Been Focusing On Selling More 7 5ounce (222 Ml) Cans In Displays Near Supermarket Checkout Lines

Question Coca-Cola has been focusing on selling more 7.5-ounce (222 ml) cans in displays near supermarket checkout lines. Previously, Coke had relied more heavily on 20-ounce (592 ml) bottles displayed in the beverage sections of supermarkets. An article in the Wall Street Journal noted that, The smaller 7.5 ounce mini-cans are typically priced at five […]

Read More

Explain Why Under Oligopoly Conditions Firms Might Wish To Choose Pricing And Output Strategies Question 1

Explain why under oligopoly conditions firms might wish to choose pricing and output strategies Question 1. Explain why under oligopoly conditions firms might wish to choose pricing and output strategies together. What is this arrangement called? Why is it difficult for an oligopolist to determine its profit-maximizing price and output?Microeconomics

Read More

Ease Answer Questions

2a through2f. Please show your calculations and your work. Consider the following table Question ease answer questions 2 a through 2f. Please show your calculations and your work. Consider the following table below. Joe and Catherineproduce any of the following combinations of cookies and pies. Joe Catherine Cookies Pies Cookies Pies 0 30 0 20 […]

Read More

Where Are The Inflection Points On The Production Curves (Marginal Product Of Labor Curve And Average Product Of

Question Where are the inflection points on the production curves (marginal product of labor curve and average product of labor curve) and cost curves (marginal cost curve and average variable cost curve) of a firm in the short run? I understand that there is an inflection point on the total product of labor curve (TPL) […]

Read More

For The Question Below I Don’T Understand Why Clause 3 Is True When The Firm Is Producing Its Last Unit

Question For the question below, I don’t understand why clause 3 is true. When the firm is producing its last unit, shouldn’t the marginal cost still vary since the two curves have different slopes? For the following question, use the graph below.Price12i- – – -.– – – -i- – – – – –-i- –Firm A11– […]

Read More

A Pet Shop Operates In A Perfectly Competitive Industry The Firm Is Currently Producing At A Point Where Market

Question A Pet shop operates in a perfectly competitive industry. The firm is currently producing at a point where market price equals its marginal cost. The Pet Shop’s total revenue is currently below total variable cost. You should advise this firm to Select one: a. Raise its price until it breaks even. b. Produce in […]

Read More

Are You Able To Explain How This Answer Is Solved And How Graphs Are Made For This Question? Assume A Firm

Question Are you able to explain how this answer is solved and how graphs are made for this question? Assume a firm in a monopolistically competitive industry is currently making a short run positive economic profit. Describe what is likely to happen to this firm’s profit in the long run. What role does elasticity play […]

Read More

Determine Whether Each Of The Following Topics Would More Likely Be Studied In Microeconomics Or

Question Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of a large government’s budget deficit on the economy’s price level The effect of government regulation on a monopolist’s production decisions A consumer’s optimal choice when buying a flat-screen TV Economics

Read More

Almia And Adjikistan Are Two Open Economies Producing Goods A And B Many People In​ Almia Including The

Question Almia and Adjikistan are two open economies producing goods A and B. Many people in​ Almia, including the leading​ economists, are lobbying for trade. They feel that the country has a comparative advantage in good A that could be traded with good B from Adjikistan. The government of Adjikistan is also under pressure from […]

Read More

Question One Consider The Market For Snowmobiles In Wisconsin There Are Two Major Producers Avalanche And

Question Question One Consider the market for snowmobiles in Wisconsin. There are two major producers, Avalanche and IceRunner. The demand for snowmobiles is characterized by the following equation: P = 3400 – A – I, where A represents the number of snowmobiles Avalanche produces and I represents the number of snowmobiles IceRunner produces in a […]

Read More

Assuming Identical Production Functions And Cost Curves The Longrun Equilibrium Of A Monopolistically

Question Assuming identical production functions and cost curves, the long-run equilibrium of a monopolistically competitive firm, as compared with that of a perfectly competitive firm, is such that, for the former, price is? Group of answer choices Higher and output is greater Higher and output is smaller Lower and output is greater Lower and output […]

Read More

Suppose Canada Produces Only Cars And Trucks The Resources That Are Used In The Production Of These Two Goods Are

Question Suppose Canada produces only cars and trucks. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both trucks and cars. The shape of Canada’s production possibilities frontier (PPF) should reflect the fact that as Canada produces more […]

Read More

1/ The Incentive To Cut Costs Is ________ For ________ Prisons (As/Than) It Is For ________ Prisons Group

Question 1/ The incentive to cut costs is ________ for ________ prisons (as/than) it is for ________ prisons. Group of answer choices a. about the same; private; public b. smaller; private; public c. greater; private; public d. greater; public; private Flag this Question Question 8 1 pts Suppose a customer at a restaurant is deciding […]

Read More

Determine Whether Each Of The Following Topics Would More Likely Be Studied In

Question Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. -The effect of government regulation on a monopolist’s production decisions -The effect of a large government budget deficit on the economy’s price level -The effects of the Internet on the pricing of used cars *Microeconomics *Macroeconomics 6. Normative […]

Read More

Question 1 Cambonesia Is A Small Exporter Of Bananas Without Trade The Price For Bananas Is $1 200 Per Tonne

Question Question 1.Cambonesia is a small exporter of bananas. Without trade, the price for bananas is $1,200 per tonne. The world price of bananas is $2,000 per ton. Currently, Cambonesian exporters pay $500 for every tonne of bananas shipped abroad. Suppose that the government of Cambonesia decides to pay domestic producers half of the transportation […]

Read More

Looking At Differences Between A Single Firm Within A Perfectly Competitive Market And A Monopoly Which Of The

Question Looking at differences between a single firm within a perfectly competitive market and a monopoly, which of the following is true? a. A single firm within a perfectly competitive market, sees the entire downward sloping demand curve of the perfectly competitive market. b. A single firm within the perfectly competitive market can set its […]

Read More

Given That Tc Function In The Short Run Is Tc=100+50q12q^2+Q^3 Were Tc Is The Total Cost And Q Is The Level Of

Question given that tc function in the short run is tc=100+50q-12q^2+q^3 were tc is the total cost and q is the level of output, determine the total fixed cost function, the total variable cost function, average variable cost function, marginal cost function. calculate total cost, average variable cost and marginal cost when the firm produces […]

Read More

What Are The Positive

Question What are the positive and negative economic effects of rent control? Question 4 — Rent Control (40 points) Let the demand and supply functions for one-bedroom rental housing in San Francisco be givenby QD = 449,000 — 200R , and Q3 = -1000 + 100R, where R is the monthly rent of a one-bedroom […]

Read More

More Than A Decade Ago The Cambonesian Government Began Stockpiling Wheat Because It Introduced A Minimum Price

Question More than a decade ago, the Cambonesian government began stockpiling wheat because it introduced a minimum price policy where the state would purchase any resulting surplus from the nation’s wheat farmers. Recently, it was announced that the government would adjust the price of wheat sales downward in order to hasten the destocking of its […]

Read More

A Recent Report On Climate Change Was In The News A Lot In The Last Year (See For Example

Question A recent report on climate change was in the news a lot in the last year (see for example https://www.washingtonpost.com/energy-environment/2018/10/08/world-has-only-years-get-climate-change-under-control-un-scientists-say/?utm_term=.02cdd9903964 ). Guidance in the UN report for slowing climate change ranged from increasing use of electric vehicles and programmable thermostats to eating less meat. With this report in mind, what are your thoughts on […]

Read More

1 Explain Why The Characteristics Of Comparability And Consistency Are Important In Financial Reporting?

Question 1. Explain why the characteristics of comparability and consistency are important in financial reporting? 2. What are the two key principles that are the foundation of the accrual basis of accounting. 3. Why might it be unfavorable for a firm to reduce repairs and maintenance, advertising, and research and development expenses? 4. If an […]

Read More

Microeconomics / Macroeconomics Theory Questions State Whether The Following Statements Are

Question Microeconomics / Macroeconomics Theory questions. State whether the following statements are True or False and Explain your answer. P.S They are not linked to each other. The introduction of a universal basic income would (other things being equal) unambiguously raise GDP in a New Keynesian model; but it would unambiguously lower GDP in a […]

Read More

Macroeconomics and Microeconomics

For example, when a 20% increase in vehicles results from a 20% increase in investment on manufacturing equipments, then the firm could be experiencing constant returns to scale. Question three Economic profit refers to the difference between total revenue and opportunity cost. For instance, Pesso invests $1,000 to begin a business in a particular year […]

Read More

Podcast Summary

Podcast Summary-Planet Money: Trash The podcast talked about recycling business, the difference between recyclables and trash, and the connections of recycling business to the fluctuations in petroleum prices down to the currency exchange rates between Europe and United States. In the first part of the podcast, those two people who were talking in the podcast […]

Read More

MicroEconomics

The Micro-economics Concepts Illustrated Through an Article Through the article,&nbsp.‘Supply vs. Demand: Why Is Housing Hurting?’ of October 18, 2011, posted on the Wall Street Journal, the author, Mr. Nick&nbsp.Timiraos,&nbsp.questions the forces bringing about the supply-demand&nbsp.imbalance&nbsp.and&nbsp.confusion.&nbsp.The author starts by exclaiming, “is poor supply or low demand the biggest cause for concern in the contemporary housing […]

Read More

Economic Theory of Demand and Supply

People specialize in the production of goods and services — or more existentially, as dictated by their environment, heredity, and/or fate in order to alleviate human suffering [their own existence included]. In the process of pursuit of own self-interests to satisfy needs and wants, individuals succumb to the unintended, invisible market forces that compel others […]

Read More

Antitrust behavior of Microsoft

Microsoft is leader in the operating systems market having dominated the market since 1990s. More than 90% of the personal computers in the world arerun through Microsoft’s Windows operating system. Such penetration into this market therefore created a strong argument that Microsoft has monopolized this market and should be tried under the anti-trust laws of […]

Read More

Microeconomics Monopoly

“In the absence of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit” (Stigler). Microsoft is one of the popular examples of monopoly. It should be noted that Microsoft can charge any prices to their operating system software such as […]

Read More

Market Structure

A detailed research plan has already been made so as to have blue print of what should and should not be done in the process of research. A detailed search for material has been made. Finally, I got all the material on the basis of which the paper is completed. Secondary data alone is used […]

Read More

Some thoughts of the article

Some Thoughts of the Article Some Thoughts of the Article The Article entails some fundamental aspects of macro and micro economics. Whereby, macro economics refers to a branch of economics that deals with the study of aggregate behavior of an entire economy. Whereby, issues such unemployment, price changes, National income, gross national product, growth rate […]

Read More

Elasticity paper

Elasti Paper Complementary products are those that are in most cases used together. A case in point is motor vehiclesand gasoline. A motor vehicle cannot operate without gasoline. On the other hand, gasoline would not make much sense if motor vehicles were not there. Therefore, the two products are complements of each other. Products are […]

Read More