# microeconomics

Popular questions
1. ## Microeconomics

ADVANCED ANALYSIS Assume the following values for Figures 5.4a and Figures 5.4b. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is \$45 per bag. The price at a is \$85 per bag. The price at c is \$5 per bag. The price at f is \$59 per

asked by Mary on January 19, 2013
2. ## Microeconomics

Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Orson Alfred Woody Ingmar Frist film 7 5 3 2 Second film 6 4 2 1 Third film 5

asked by Jeff on September 29, 2006
3. ## Microeconomics

Larry, Moe, and Jo run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Jo wants the saloon to bring in as much revenue as possible. Moe wamts to make the largest possible profits. Using a single diagram of the

asked by Alex on December 8, 2006
4. ## Microeconomics

Define Utility Terms Using Graphs and Mathematical Expressions

asked by Abeba on August 18, 2018
5. ## microeconomics

The cost of producing flat-screen TVs has fallen over the past decade. Let’s consider some implications of this fact. A.) Draw a supply-and-demand diagram to show the effect of fallen production costs on the price and quantity of flat-screen TVs sold.

asked by Bill on June 9, 2013
6. ## Microeconomics

The new york times reported that subway ridership declined after a fare increase: " There were nearly four million fewer riders in December 1995, the first full month after the price of a token increased 25 cents to \$1.50, than in the previous December, a

asked by Jane on October 21, 2009
7. ## Microeconomics

Answer the following questions based on the graph that represents J.R.'s demand for ribs per week of ribs at Judy's rib shack. a. At the equilibrium price, how many ribs would J.R. be willing to purchase? b. How much is J.R. willing to pay for 20 ribs? c.

asked by keith on November 27, 2011
8. ## Microeconomics

Correcting for negative externalities - Regulation versus tradablepermits Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12

asked by Jill on May 29, 2014
9. ## Microeconomics

Mrs.Simpson buys loaves of bread and quarts of milk each week at prices of \$1 and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilites from the last units purchased of the two products are 80 and 70

asked by Joanne on March 23, 2011
10. ## Microeconomics

8. Assume that the United States is an importer of televisions and there are no trade restrictions. U.S. consumers buy 1 million televisions per year, of which 400,000 are produced domestically and 600,000 are imported. (Worth 2 points) a. Suppose that a

asked by Gabby on September 26, 2012
11. ## Microeconomics

taxes may cause deadweight losses because________. a. they transfer purchasing power from buyers to the government. b. they lower the surplus in the market. c. they increase consumer surplus at the expense of producer surplus d. they transfer purchasing

asked by Juan on June 24, 2015
12. ## Microeconomics

Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each price is twice what it was).

asked by Rob on November 22, 2010
13. ## Microeconomics

A perfectly competitive industry has a large number of potential entrants. Each firm has an identical cost structure such that long run average cost is minimized at an output of 10 units (qi=10 ). The minimum average cost is R5 per unit. Total market

asked by diegooooo on August 5, 2013
14. ## Microeconomics

If a firm has a U-Shaped long-run average cost curve, a.) its fixed cost rises as output rises. b.) it must have increasing returns to scale at low levels or production and decreasing returns to scale at high levels of production. C.) it must have

asked by Melissa on October 30, 2006
15. ## microeconomics

I am having a problem with one of my homework questions and would like some help if possible...here is the question.. According to an article in the New York Times (Nov. 5, 1993),"many Midwest wheat farmers oppose the NAFTA free trade agreement asmuch as

asked by Deana on August 21, 2006
16. ## Microeconomics

This is due Monday. I am not sure I am doing it correctly. Can someone help me out? Question: Assume that Jim is a rational customer who consumes only two goods, apples(A) and nuts(N). Assume also, that his marginal rate of substitution (MRS) of nuts for

asked by Trisha on June 17, 2005
17. ## MIcroeconomics

Hi. THis is due Tuesday. I am working on it but can use some help. Peggy-Sue has been offered a job by Cookie monster inc for a salary of \$125,000 per year. Currently she is producing her own cookies and she has revenues of \$260,000 per year. Her costs are

asked by Debra on October 19, 2006
18. ## Microeconomics

A computer company produces affordable, easy-to-use home computer systems and has fixed costs of \$250. The marginal cost of producing computers is \$700 for the first computer, \$250 for the second, \$300 for the third, and \$350 for the fourth, \$400 for the

asked by Alexys8 on January 24, 2017
19. ## Microeconomics

This is a 5 part question; (a-e)The question reads: Suppose that a market is described by the following supply & demand equations: Qs=2P & Qd=300-P a) Solve for the equalibrium price & quantity. (I think I understand this process.) b)Suppose that a tax of

asked by Diane on July 28, 2008
20. ## Microeconomics

Suppose that flying a 200-seat plane across country costs the airline \$100,000. Thus, the average cost of each sear is \$500. A plane is about to take off with 10 empty seats. Astandby passenger is waiting at the gate willing to pay \$300 for a seat. Should

asked by Jamie on January 23, 2008
21. ## microeconomics

Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What quantity of output will a typical firm produce? a.10 b.20 c.30 d.40 Market demand is given as QD = 200 – 3P.

asked by joane on March 15, 2013
22. ## microeconomics

50. The long-run average cost curve is tangent to an infinite number of ______. (Points: 3) total cost curves marginal cost curves average variable cost curves I picked average total cost curves 51. The assumptions of perfect competition imply that ______.

asked by chris on May 4, 2009
23. ## microeconomics

A beekeeper and a farmer with an apple orchard are neighbors. This is convenient for the orchard owner since the bees pollinate the apple trees: one beehive pollinates one acre of orchard. Unfortunately, there are not enough bees next door to pollinate the

asked by Alex on November 27, 2015
24. ## Microeconomics

Last week, Michelle spent \$30 on caviar. Today, Michelle still spends \$30 on caviar even though its price has doubled. What is Michelle\'s price elasticity of demand for caviar? (Use the midpoint formula for your calculation.)

asked by Anonymous on February 10, 2016
25. ## MICROECONOMICS

Suppose you currently earn 30,000 a year. you are considering a job that will increase your lifetime earnings by 300,000 but that requires an MBA. The job will mean also attending business school for two years at an annual cost of 25,000. you already have

asked by LANINA on May 6, 2011
26. ## MicroEconomics

You are a typical person in the US economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employees share combined) You also pay federal income taxes 15%. How much tax

asked by Diane on November 14, 2006
27. ## Microeconomics

Suppose that the market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 - 5W. The government has passed a law that subsidizes wages by \$1 per hour. The equilibrium wage and quantity of labor with the subsidy is? \$4 and 15 workers

asked by Kathy on May 26, 2009
28. ## microeconomics

1. Market demand is given as QD = 250 – 0.5P. Market supply is given as QS = 2P. In a perfectly competitive equilibrium, what will be the value of consumer surplus? a.\$10 000 b.\$20 000 c.\$40 000 d.\$80 000 2. Market demand is given as QD = 250 – 0.5P.

asked by sarah on February 13, 2013
29. ## Microeconomics

The demand for a good is given by QD = 750 – 0.4P. What is consumer surplus at a price of \$80?

asked by John on February 11, 2015
30. ## microeconomics

Define the following term using graphs and mathematical expression a)utility b)util c)iso cost d)indiffernce curve e)budget line f)monopolist g)!@#\$%^&d demand curve h)social exploitation i)profit j)perfect competation market.

asked by Mr, Pepe on August 10, 2019
31. ## Microeconomics

1. A country's consumption possibilities frontier can be outside its production possibilities frontier if a. the country engages in trade. b. the citizens of the country have a greater desire to consume goods and services than do the citizens of other

asked by Bob on February 13, 2009
32. ## Microeconomics

Late in the semester, a friend tells you, "I was going to drop my psychology course so I could concentrate on my other courses, but I had already put so much time into the course that I decided not to drop it" What do you think of your friend's reasoning?

asked by Jamie on January 23, 2008
33. ## microeconomics

If for a firm MRP > MFC, then the firm: a. is maximizing profits and should continue producing its current output. b. is maximizing factor costs and therefore is maximizing profits. c. should produce more output by increasing the quantity of factors

asked by sheila on August 18, 2007
34. ## microeconomics

. Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: Player 2 Player 1 Left Right Top 9 4 2 5 Bottom 1 0 3 1 Where

asked by janete on November 23, 2012
35. ## microeconomics

consider total cost and total revenue given in the table bellow: quantity total cost total revenue 0 \$8 0 1 \$9 8 2 \$10 16 3 \$11 24 4 \$13 32 5 \$19 40 6 \$27 48 7 \$37 56 a. Calculate profit for each quantity. How much should the firm produce to maximize

asked by sara on January 26, 2009
36. ## Microeconomics

I am answered the following three mulitipul choise questions using Prisoners Dilemma Scenario. I get confused looking at the table. Question: Each year, the United States considers renewal of Most Favored Nation (MFN) trading status with China.

asked by G on October 3, 2008
37. ## Microeconomics

Discussion Question 2 Thirty years ago, the market for chicken was perfectly competitive until Frank Perdue began marketing chicken under his name. How do you suppose Perdue created a brand name for chicken? What did he gain from doing so? What did society

asked by Ms. Jones on September 23, 2011
38. ## Microeconomics

Define the following terms using graths&mathmaticals experessions of budget line:utility &util ?

asked by Abdulahi babekir on July 23, 2019
39. ## microeconomics

Earth Movers and Shakers operates 3 iron ore mines. This table shows their daily production rates given the number of miners at each mine. All of the miners work for the same wage. mine-----------tons---- # of miners mother lode------100-------25 scraping

asked by haley on September 18, 2009
40. ## microeconomics

For each of the following scenarios, decide whether you agree or disagree and explain your answer. a. If the elasticity of demand for cocaine is −.2 and the Drug Enforcement Administration succeeds in reducing supply substantially, causing the street

asked by mimi on August 14, 2010
41. ## Microeconomics

45. The change in total output resulting from a 1-unit increase in the quantity of an input used, holding the quantities of all other inputs constant, is ______. (Points: 3) average cost average product marginal cost marginal product 46. When an additional

asked by Calisto on April 5, 2009
42. ## microeconomics

prove the profit maximization of the consumer i.e mu=p according to cardinalist using mathmatical derivation

asked by regasa on May 18, 2017
43. ## Microeconomics

CompStrat Corporation’s total cost function (where TC is total cost in dollars, and Q is quantity) is TC = 200 + 10Q + 2Q2 If the firm is a price taker and if the price of its product is \$20, what is its optimal output?

asked by Anonymous on October 29, 2012
44. ## microeconomics

charlie loves watching teletubbies on his local public tv station,but he never sends any money to support the station during its fundraising drives.

asked by denise on December 7, 2013
45. ## microeconomics

1. Suppose that an increase in the price of carrots from \$1.20 to \$1.40 per pound raises the amount of carrots that carrot farmers produce from 1.2 million pounds to 1.6 million pounds. Using the midpoint method, what would be the elasticity of supply? a.

asked by sarah on February 13, 2013
46. ## Microeconomics

If the wage exceeds the value of the marginal product of labor, then hiring another worker: A. Decreases the firm’s total revenue B. Increases the firm’s profit C. Increases the firms total cost D. All of the above are correct I picked A? As a result

asked by G on October 27, 2008
47. ## microeconomics

This week you have gone to two parties. Assume the total utility you gained from these parties is 100utils. Then you go to a third party, and your total utility rises to 110utils. What is the marginal utility of the third party attended per week? Given the

asked by snizhanna on March 11, 2012
48. ## microeconomics

If a firm holds a pure monopoly in the market and is able to sell 5 units of output at \$4.00 per unit and 6 units of output at \$3,90 per unit, it will produce and sell the sixth unit if its marginal cost is 4.00 or less 3.40 or less 3.90 or less

asked by anthony on February 27, 2016
49. ## Microeconomics

3. An industry currently has 100 firms, all of which have fixed costs of \$16 and average variable cost as follows: Quantity Average Variable Cost 1 \$1 2 2 3 3 4 4 5 5 6 6 1) The price is currently \$10. What is the total quantity supplied in this market? 10

asked by andy on April 28, 2012
50. ## MicroEconomics

“The power to constrain an adversary depends upon the power to bind oneself.” ." Explain this statement using the concept of strategic commitment.

asked by Nikki on October 2, 2019
51. ## microeconomics

curve for a monopoly and a monopolistically competitive firm? Select one: a. The MR curve is the same as the demand curve in the long run b. Because of product differentiation, monopolistically competitive firms have more elastic demand and MR curves c.

asked by pop on April 24, 2019
52. ## microeconomics

The mathematical expression and graphs of utility,util,line budget and profit

asked by melese tefera on December 28, 2018
53. ## Microeconomics

A sporting goods store has estimated the demand curve for a popular brand of running shoes as a function of price. Use the diagram to answer the questions that follow. a. Calculate demand elasticity using the midpoint formula between points A and B,

asked by Monica on August 7, 2010
54. ## Microeconomics

which of the following situations describes an equilibrium? which does not? if the situation does not describe an eqilibrium, what would an eqilibrium look like? a. many people regularly commute from the suburbs to downtown Pleasantville. due to traffic

asked by Dalia on October 3, 2013
55. ## Microeconomics

I am on the chapter for monoplies. I need to calculate the total cost for the following question. I am not quite clear if I am to use the \$2 million that was paid to author to write the book to calculate the total cost, since the question is stating that

asked by G on September 18, 2008
56. ## Microeconomics

Indicate how you think each of the following would shift demand in the indicated market: a.Incomes of buyers in the market for Adirondack vacations increase. b.Buyers in the market for pizza read a study linking hamburgers consumptions to heart disease.

asked by Tiff on October 21, 2007
57. ## Microeconomics

When you golf, you receive 18 units of pleasure from the first hole and on each hole thereafter your pleasure drops by one unit, so that the 2nd hole gives you 17 units of pleasure etc. If you play 5 holes and the rain hits so that you quit playing, what

asked by Robson on September 3, 2012
58. ## microeconomics

Jason wants to hire Maria to tutor him in economics. Jason is willing to pay \$30 for the first hour of tutoring, \$25 for the second, \$20 for the third, \$15 for the fourth, and \$10 for the fifth. Maria has an opportunity cost per hour of \$6 for the first,

asked by janet on February 29, 2008
59. ## Microeconomics

Suppose that the price of product X rises by 20 percent and the quantity supplied of X increases by 15 percent. The coefficient of price elasticity of supply for good X is?

asked by Kevin on February 26, 2014
60. ## microeconomics

Do you agree with the following statement? “ If you like tacos you should consume as many as you can”.

asked by snizhanna on March 11, 2012
61. ## Microeconomics

Suppose sharply lower coffee prices lead to a decrease in demand for tea. As tea prices decrease, tea producers experience short-run economic losses. If the tea industry is a price-taker industry and if sufficient time is allowed for the market to adjust

asked by Susan on June 9, 2009
62. ## microeconomics

why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

asked by sheri on January 12, 2011
63. ## Microeconomics

suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will a. benefit chocolate workers, harm lace workers in the short run, but benefit the nation as a whole. b. harm

asked by Juan on July 1, 2015
64. ## Microeconomics

PLEASE HELP..the table shows the number of labor hours required to produce a digital camera and bushel of wheat in China and S.Korea. China Digital cameras 100hrs China Wheat 5hrs S.Korea Digital cameras 90hrs S.Korea Wheat 3hrs The question is if each

asked by Whitney on September 21, 2009
65. ## Microeconomics

The producer of X is contemplating a price change and has asked for your advice. After some empirical investigation, you conclude that the price elasticity of demand for X is 1.25. As an economist, what would you advise the producer to do in order to raise

asked by Robert on October 17, 2012
66. ## Microeconomics

A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of \$10, average total cost of \$8, and ficed costs of \$200. What are the firm's profit, marginal cost, and average varible cost respectively?

asked by Pam on September 23, 2010
67. ## Microeconomics

Which of the following production functions exhibit constant returns to scale? In each case ys output and K and L are inputs. (1) y = K1/2L2/3 (2) y = 3K1/2L1/2 (3) y = K1/2 + L1/2 (4) y = 2K + 3L.

asked by Sabiya on December 22, 2014
68. ## Microeconomics

The poverty rate would be substantially lower if the market value of in-kind transfers were added to family income. The largest in-kind transfer is Medicaid, the government health program for the poor. Let's say the program costs \$7,000 per recipient

asked by Timica on October 12, 2011
69. ## Microeconomics

When average total cost is declining then: a) marginal cost must be less than average cost b) marginal cost must be greater than average cost c) average toal cost must be greater than average fixed cost d) average variable cost must be declining. My answer

asked by Nicci on January 26, 2012
70. ## microeconomics

if a paper raise it's price from .75 to 1.00 what implicit assumptions about the price elasticity of paper?

asked by dee on May 29, 2019
71. ## Microeconomics

Two centuries ago there were more buffalo than cattle in the United States. Even though millions of cattle are killed for beef consumption each year, the catttle population continues to grow while the buffalo are virtually extinct. why? Explain in

asked by Jennie on August 31, 2007
72. ## microeconomics

Assume that average product for six workers is fifteen. If the marginal product of the seventh worker is eighteen, what is the average product of the seventh worker?

asked by jerome on September 15, 2015
73. ## Microeconomics

Consider public policy aimed at smoking a.) Studies indicate that the price elasticity of demand for cigarettes currently costs \$2 and the government wants to reduce smoking by 20%, by how much should it increase the price? b.) If the government

asked by Karen on October 21, 2009
74. ## Microeconomics

Suppose Dell is currently selling 250,000 laptops per month. A mgr at Dell argues, "The last 10,000 laptops we producted increased our revenue by \$8.5 million. However, because we are making a substantial total profit of \$25 million from producting 250,000

asked by Jamie on January 23, 2008
75. ## Microeconomics

Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each price is twice what it was).

asked by Rob on November 22, 2010
76. ## Microeconomics

Check and correct my answers please. Thank you. Trunks owns a junk yard. He can use one of two methods to destroy cars. The first method involves purchasing a hydraulic car smasher that costs \$200/year to own and then spending \$1 for every car smashed into

asked by Anonymous on October 14, 2009
77. ## Microeconomics

How and why the developments discussed in the Wall Street Journal Story below affect the elasticity of demand for the flat screen TV’s produced by an individual firm such as Sony or Panasonic. Want a flat-panel TV with that tool belt? Home-improvement,

78. ## microeconomics

Suppose your marginal utility for meals at the campus cafeteria this week has fallen to zero. Explain what has happened to your total utility curve derived from consuming these meals. Now explain what will happen to total utility if you eat more meals at

asked by snizhanna on March 11, 2012
79. ## Microeconomics

Search: Consider two resource markets in which the demand curves slope downward. In market A, the supply curve is horizontal, equilibrium price is \$6, and 100 units of the resource are hired. In market B, the supply curve is vertical, equilibrium price is

asked by Elizabeth on April 24, 2011
80. ## Microeconomics

When firms in a perfectly competitive market face the same costs, in the long run they must be operating: A) Under diseconomis of scale B) With small but positive levels of profit C) At their efficient scale D) All of the above are correct I picked C? A

asked by G on September 4, 2008
81. ## Microeconomics

Define Budget line and Terms using Graphs and mathematical Expressions

asked by Abeba on August 18, 2018
82. ## Microeconomics

Assume that the marginal utilities for the first three units of a good consumed are 200, 150, and 125 respectively. What is the total utility for the first unit?

asked by Preston on July 27, 2012
83. ## Microeconomics

5. A drug company has a monopoly on a new patented medicine. The product can be made in either of two plants. The costs of production for the two plants are MC1 = 20 + 2Q1, and MC2 = 10 + 5Q2. The firm’s estimate of the demand for the product is P = 20 -

asked by Dana on April 22, 2010
84. ## Microeconomics

The invention of a machine that increases milk production is discovered. If farmers were to decry the effect of this new technology on the price of milk and lobby government to set the price of milk at the price before the invention, what would be the

asked by Kathy on May 26, 2009
85. ## Microeconomics

Monopolistic Competition A monopolistically competitive market could be considered inefficient because: A. Marginal revenue exceeds average revenue B. Price exceeds marginal cost C. Efficient scale is realized in the long run, but not in the short run D.

asked by G on October 20, 2008
86. ## Microeconomics

Assume the market demand of 500mls of mineral water is given by: P=9–0.25Qd and the market supply being Qs=-12+12P. What is the quantity demand if the price of mineral water is \$6

asked by Daniel Maleek on August 23, 2019
87. ## microeconomics

Budget constraint 1 is faced when price food = 10 and price clothing = 5. Budget constraint 2 is faced when pfood = 40/7 and pclothing = 10. The income is 100 for both budget constraints. Draw both budget constraints. Next, draw the following four

asked by Alex on September 7, 2015
88. ## Microeconomics

The Burning Belly Taco Stand is considering buying some new special ovens. Each oven will cost \$1,000, and will last for 2 years before it wears out. The ovens will be used to make the Taco Stands famous "Burning Ring of Fire" tacos, and will generate a

asked by Jessica on November 26, 2012
89. ## Microeconomics

1.You plan a major adventure trip for the summer. You won’t be able to take your usual summer job that pays \$6,000, and you won’t be able to live at home for free. The cost of your travel on the trip will be \$3,000, film and videotape will cost you

asked by yt on November 14, 2010
90. ## microeconomics

Under the condition the two cournot’s duopolistic firms have identical costs, assume that the market demand and cost functions are given as follows; P=60-Q where Q=Q1+Q2 MC1=MC2=0 Where Q1 is the output of firm 1 Q2 is the output of firm 2 P is the price

asked by mulualem on July 16, 2019
91. ## Microeconomics

6.) "Since peaking in 1976, per capita beef consumption in the United States has fallen by 28.6 percent... [and] the size of the U.S. cattle herd has shrunk to a 30-year low." a.) Using firm and industry diagrams, show the short-run effect of declining

asked by Evan on November 8, 2007
92. ## Microeconomics

Please help me solve it. Suppose you are looking at a particular used car. Given its brand, age and overall condition, its true value to you could be 40, 50 or 60 (these are the three possible types), whatever your true value is, the sellers true value is

asked by Eli on November 16, 2018
93. ## Microeconomics

Each year, the United States considers renewal of Most Favored nation (MFN) trading status with China. Historically, legislators have made threats of not renewing MFN status because of human rights abuses in China. The game below reflects the potential

asked by G on October 13, 2008
94. ## microeconomics

how do i figure this out? if all incomes were equalized by government taxes and transfer payments, how much would the average household in each income quintile gaine (via transfers) or lose (via taxes)? Hummm, for real or as a hypothetical exercise. The

asked by Billie on May 23, 2007
95. ## Microeconomics

Discuss the ethics of using unconscious nudges to alter people's behavior. Within your answer, consider the argument made by economists Richard Thaler and Cass Sunstein, who favor the use of nudges. Could nudges be avoided? Do all policies contain some

asked by Mary on January 18, 2013
96. ## microeconomics

When agricultural production increases , the total amount paid for agricultural products tends to a. increase because demand is price elastic b. decrease becasue deamn is price elastic c. increase because demand is price inelastic d. decrease because

asked by Karinna on March 14, 2009
97. ## microeconomics

John purchases 12 CDs and 15 cheese pizzas in a typical year. If cheese pizzas are inferior goods, would Mike be indifferent between receiving a \$30 gift certificate at a local music store and \$30 in cash? Please explain. Thanks

asked by Henry on October 14, 2006
98. ## Microeconomics

A major overhaul of the Federal Tax structure was enacted at the end of 2017, effective beginning with the 2018 tax year. This assignment consists of a calculation to gauge effects on your own situation or upon a mythical one, as well as some analysis of

asked by Yasmin on April 16, 2018
99. ## Microeconomics

Quantity Total Cost (Dollars) Variable Cost (Dollars) 0 \$1,000 \$0 100 1,360 360 200 1,560 560 300 1,960 960 400 2,760 1,760 500 4,000 3,000 600 5,800 4,800 Table 11-1 shows the short-run cost data of a perfectly competitive firm that produces plastic

asked by Taneja on November 21, 2009
100. ## Microeconomics

A. At a product of 55 will this firm produce in the short run? Yes or no explain. If it is preferable to produce what will be the profit maximizing or loss minimizing output? What economic profit or loss will the firm realize per unit of output

asked by Shi on April 10, 2017

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