Microeconomics
Question #2 Consumer Demand. How to answer questions from a-g iii. I belive the MRS is 2y/x for B. But not sure
When this monopoly generates Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Q : Determine present value of future income The present value of future income is: (1) calculated by multiplying future income by the percentage interest rate. (2) higher, the higher the interest rate. (3) lower, the higher the interest rate. (4) unaffected by the interest rate. (5) purely obje
The present value of future income is: (1) calculated by multiplying future income by the percentage interest rate. (2) higher, the higher the interest rate. (3) lower, the higher the interest rate. (4) unaffected by the interest rate. (5) purely obje
Why is demand curve is beneath oligopoly indeterminate (i.e., uncertain)? Answer: Demand curve is indeterminate since of price war among sellers.
Relative to demand curve D0D0, demand curve DD: (i) is relatively more elastic than D0D0 at a price of P1. (ii) is relatively more elastic than D0D0 at a price of P2. (iii) is relatively less elastic fo
The popular sporting goods magazine publishes a report on quality and safety of different brands of ski equipment. This report would be most probable to determine a problem consumer’s face since of: (i) Adverse selection. (ii) Brand-name bias. (iii) High priced
Give the difference between corporate profit maximization and maximization of shareholder wealth?
Discuss the impact of a monopoly on the welfare of the citizens of the country. In your discussion you should include policies that can be implemented by the government too reduce the abuse of dominant position in the market.
Types of measurement in Metrics: A) Nominal: a nominal scale assigns items to a category. For example, the category may be a simple "yes" or "no." In the case of a family, a nominal scale
When raising subscription rates to the News and Observer from $8 to $10 monthly cause newspaper sales to drop by 180,000 to 120,000 copies daily, using the arc elasticity formula, then price elasticity of demand equals to: (1) 0.9. (2
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
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