Economics

Figure 9.1 shows the cost structure of a firm in a perfectly competitive market.

Figure 9.1 shows the cost structure of a firm in a perfectly competitive market.

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tarasen57   144   9 Replies

rinderbik

Suppose buyers are willing to pay $5,000 for a plum (high-quality) used car and $3,000 for a lemon ...

Suppose buyers are willing to pay $5,000 for a plum (high-quality) used car and $3,000 for a lemon ...

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Alek Hsiang   295   9 Replies

Antoinette12

Acres of Land, Tanks of Fertilizer, Truckloads of Potatoes

Acres of Land, Tanks of Fertilizer, Truckloads of Potatoes

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caillacakes   242   9 Replies

zmudasam

Minimum wage per hour versus Weekly income from minimum wage

Minimum wage per hour versus Weekly income from minimum wage

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trea48   266   9 Replies

linds

The Table represents the payoffs for a gambling game. The player blindly draws one of three balls, ...

The Table represents the payoffs for a gambling game. The player blindly draws one of three balls, ...

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victor.m.rojas2   391   9 Replies

christinaalex

Refer to Table 8.2, which gives a firm's production function.

Refer to Table 8.2, which gives a firm's production function.

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asdoooeoe   291   9 Replies

purplepanda1516

Total number of Stock exchanges in the world.

Total number of Stock exchanges in the world.

https://en.wikipedia.org/wiki/Stock_exchange

What are the Total number of stock exchanges in the world?

Can we get the complete list of stock exchanges country wise?

What are the different reasons if any country

prashantakerkar   311   9 Replies

bio_man

Refer to Figure 13-17. What is the productively efficient output for the firm represented in the ...

Refer to Figure 13-17. What is the productively efficient output for the firm represented in the ...

[html]Question 1.Suppose Alexander is successful in establishing a profitable market for his vegan bakery in what is a monopolistically competitive industry. In the long run, Alexander will mos

mdagenh1   241   9 Replies

amw87470

Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere ...

Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere ...

[html]Figure 15-17

shayeshaye00   488   9 Replies

ccnastopoulos

My fed withholding changed.

My fed withholding changed.

Between 2020 and 2021 my annual income was pretty much the same but in 2021 my federal withholding was 1/5 as much as 2020. I had to write a giant check to the fed. What happened? This was only true at one of my jobs, but my boss claimed it was gover

CarbonRobot   257   9 Replies

bio_man

Suppose a country imports televisions. The country's supply and demand curves are shown in the ...

Suppose a country imports televisions. The country's supply and demand curves are shown in the ...

Another question I am so stuck on to do. I really dislike graphing

Suppose a country imports televisions. The country's supply and
demand curves are shown in the accompanying graph, along with the
initial world price of

s.h_math   473   9 Replies

Estella

Jeremiah is not a fan of the ballet, but he believes that his friends all enjoy the cultural experie

Jeremiah is not a fan of the ballet, but he believes that his friends all enjoy the cultural experie

Jeremiah is not a fan of the ballet, but he believes that his friends all enjoy the cultural experience that ballet brings and he does not want to appear unsophisticated. Unbeknownst to Jeremiah, all of his friends share the same opinion of the balle

Cuba   490   9 Replies

gpbd0604

A newspaper headline asserts: "Rising demand pulls up copper prices." The headline

A newspaper headline asserts: "Rising demand pulls up copper prices." The headline

A newspaper headline asserts: "Rising demand pulls up copper prices." The headline
A) is claiming demand determines price (rather than price determining demand).
B) is claiming more copper would be demanded at higher prices.

Sublight2097   746   9 Replies

Michael Dogan

Of the following four motorists, who is speculating?

Of the following four motorists, who is speculating?

Of the following four motorists, who is speculating?
A) The one driving on empty, looking for the best gasoline price in town
B) The one who fills his gasoline tank believing he has found the lowest gas price around
C) The one who fill

Sublight2097   851   9 Replies

Tay W

Fill in the blanks: ________ attempts to reduce negative externalities by ________.

Fill in the blanks: ________ attempts to reduce negative externalities by ________.

Fill in the blanks: ________ attempts to reduce negative externalities by ________.
A) Legislation; appropriate taxation
B) Legislation; letting people work out the problem themselves
C) Adjudication; creating new rights
D) Adjudi

Sublight2097   660   9 Replies

Alexia P1

Clarity Dence pays $375 for a used acoustic guitar from the local music instrument dealer. The deale

Clarity Dence pays $375 for a used acoustic guitar from the local music instrument dealer. The deale

Clarity Dence pays $375 for a used acoustic guitar from the local music instrument dealer. The dealer himself purchased it for $150. In principle, how would this exchange affect GDP?
A) Nothing happens to GDP, because the guitar is a used good.

Sublight2097   996   9 Replies

Brock Hinson

Suppose Marquette Bank and Trust has $10 million in total deposits and the required reserve ratio is

Suppose Marquette Bank and Trust has $10 million in total deposits and the required reserve ratio is

Suppose Marquette Bank and Trust has $10 million in total deposits and the required reserve ratio is 7%. How many dollars can the bank use to seek profit opportunities?
A) $9.3 million
B) $7 million
C) $930,000
D) $700,000
E)

Sublight2097   715   9 Replies

Dawson Mullins

For each pair of items below determine which product would have the higher price elasticity of deman

For each pair of items below determine which product would have the higher price elasticity of deman

For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value).
a.   Insulin for a diabetic or aspirin for someone suffering a headache.
b.   A new Whirlpool 27 cu.ft. side-by-side ref

Tidy   2339   9 Replies

bio_man

The market for household appliances in Richland is monopolistically competitive. Some firms in this ...

The market for household appliances in Richland is monopolistically competitive. Some firms in this ...

The market for household appliances in Richland is monopolistically competitive. Some firms in this market are incurring losses. However, they have not stopped production. What is the reason behind such behavior? Explain your answer with the help of

whipped   1167   9 Replies

Luke Kiehl

Ryan deposits $900 at an annual interest rate of 9%. The total amount in Ryan's account after one ...

Ryan deposits $900 at an annual interest rate of 9%. The total amount in Ryan's account after one ...

Ryan deposits $900 at an annual interest rate of 9%. The total amount in Ryan's account after one year will be ________.
A) $963
B) $975
C) $981
D) $999

AndrewKraus   491   9 Replies

Tanay Dashottar

Households' ________ limits firms' ability to invest in capital.

Households' ________ limits firms' ability to invest in capital.

Households' ________ limits firms' ability to invest in capital.
A) supply of land
B) savings decisions
C) tax liability
D) investment in stock

chomtong   809   9 Replies

Guy West

If the first copy cost of a music video is $223,000 and the marginal cost is $0, how much total cost ...

If the first copy cost of a music video is $223,000 and the marginal cost is $0, how much total cost ...

If the first copy cost of a music video is $223,000 and the marginal cost is $0, how much total cost would the firm incur if it produces 1 million copies?
A) zero
B) $223,000
C) $1 million
D) $1 million + $223,000

thanhha78   442   9 Replies

ansley

Reparations for slavery in the United States would

Reparations for slavery in the United States would

Reparations for slavery in the United States would
A) be consistent with the Pareto principle.
B) be inconsistent with the Pareto principle.
C) have nothing to do with the Pareto principle.
D) would be unconstitutional.

Mairoon   794   9 Replies

Brian Reichel

The market demand curve for a popular teen magazine is given by Q = 80 - 10P where P is the magazine ...

The market demand curve for a popular teen magazine is given by Q = 80 - 10P where P is the magazine ...

The market demand curve for a popular teen magazine is given by Q = 80 - 10P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 10,000.  If the circulation is 400,000 per week at the current p

nakungth   706   9 Replies

szraigat

Cooper Company has a production schedule of 18,000 units and a budgeted sales volume of 20,000 units ...

Cooper Company has a production schedule of 18,000 units and a budgeted sales volume of 20,000 units ...

Cooper Company has a production schedule of 18,000 units and a budgeted sales volume of 20,000 units for the current year. In addition, 4,000 units are in beginning finished goods inventory. How many units are targeted for ending finished goods inven

StormLrd   1019   9 Replies

Margaux Morgante

If the market-size variance is $400 U and the sales-mix variance is $700 F, and the market share ...

If the market-size variance is $400 U and the sales-mix variance is $700 F, and the market share ...

If the market-size variance is $400 U and the sales-mix variance is $700 F, and the market share variance is $300 F, we know that which of the following is TRUE?
A) The sales-quantity variance is $100 F.
B) The market-share variance is $300

StormLrd   705   9 Replies

Meet Shah1

The Skate Board Company uses a process cost system for making skateboard wheels. Materials are added ...

The Skate Board Company uses a process cost system for making skateboard wheels. Materials are added ...

The Skate Board Company uses a process cost system for making skateboard wheels. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September the work-in-process is 40 percent complete

ruskin   624   9 Replies

Jass Samra

Miller Medical Services provided the following information for its operations in the Hospital Bed ...

Miller Medical Services provided the following information for its operations in the Hospital Bed ...

Miller Medical Services provided the following information for its operations in the Hospital Bed Division.

Revenues   $2,000,000
Accounts receivable   500,000
Required rate of return   11%
Operating assets   1,500,000
Net oper

StormLrd   855   9 Replies

Hi guy

The manager of Mel's Diner feels that most of his waiters are rude to customers and don't hustle ...

The manager of Mel's Diner feels that most of his waiters are rude to customers and don't hustle ...

The manager of Mel's Diner feels that most of his waiters are rude to customers and don't hustle enough. He proposes that all tips should be placed in one pot and divided on the basis of the number of customers served. This plan is likely t

BrendanOO7   530   9 Replies

xpxp

Figure 15-3 above shows the demand and cost curves facing a monopolist.Refer to Figure ...

Figure 15-3 above shows the demand and cost curves facing a monopolist.Refer to Figure ...

[html]Figure 15-3

lambchop03   275   9 Replies

wasan

Thomas Schelling's most notable work dealt with ________, which lead to his advising role for the fi

Thomas Schelling's most notable work dealt with ________, which lead to his advising role for the fi

Thomas Schelling's most notable work dealt with ________, which lead to his advising role for the film Dr. Strangelove.
A) neighborhood segregation
B) nuclear annihilation
C) medical malpractice
D) psychotherapy

Cuba   370   8 Replies

jkjkhaha

When two variables in a graph are related to a third, changing the third causes

When two variables in a graph are related to a third, changing the third causes

When two variables in a graph are related to a third, changing the third causes
A) a movement along the curve.
B) a shift of the curve.
C) no change in the curve because the third variable isn't on the axes.
D) either a shift

Loraine   1147   8 Replies

Anonymous

For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 pe

For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 pe

For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 per day for food and earns $90 a day at her job. At Daytona Beach, Melanie will stay with friends and so has no lodging cost. She will pay $20 per day f

Loraine   776   8 Replies

Nick Bourquin

It is not uncommon for business professors to make a statement such as the following: "While economi

It is not uncommon for business professors to make a statement such as the following: "While economi

It is not uncommon for business professors to make a statement such as the following: "While economists are happy in their never-never land of economic theory, we business professors seriously study facts of the real world." According to yo

Sublight2097   661   8 Replies

bio_man

Fill in the blank: The Players Union went on strike against the NBA during the 1998-1999 season, can

Fill in the blank: The Players Union went on strike against the NBA during the 1998-1999 season, can

Fill in the blank: The Players Union went on strike against the NBA during the 1998-1999 season, canceling games for weeks. Other things constant, the strike and subsequent cancellation of games would tend to ________ the price elasticity of demand f

Sublight2097   532   8 Replies

Kirti Bhotia

In the movie Cast Away, Tom Hanks plays a FedEx efficiency expert stranded on a deserted island. Whi

In the movie Cast Away, Tom Hanks plays a FedEx efficiency expert stranded on a deserted island. Whi

In the movie Cast Away, Tom Hanks plays a FedEx efficiency expert stranded on a deserted island. While on the island, he divides his time between catching fish, gathering coconuts, painting, and building a raft. Suppose that these were Mr. Hanks'

Loraine   1102   8 Replies

陈钧水

Which statement below is true for a price searcher?

Which statement below is true for a price searcher?

Which statement below is true for a price searcher?
A) Net revenue can only be positive.
B) Net revenue can only be negative.
C) Net revenue can only be zero.
D) Net revenue can be positive, negative, or zero.

Sublight2097   864   8 Replies

Casey Hampton

A price searcher faces the following demand curve: At $9, $8, $7, and $6, the quantity demanded is 1

A price searcher faces the following demand curve: At $9, $8, $7, and $6, the quantity demanded is 1

A price searcher faces the following demand curve: At $9, $8, $7, and $6, the quantity demanded is 10, 20, 30, and 40 units, respectively. If the firm's marginal cost is $50 at any level of output, it would maximize net revenues by
A) produ

Sublight2097   1141   8 Replies

Jess1765029

If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, our best estimate of the marg

If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, our best estimate of the marg

If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, our best estimate of the marginal revenue from sale of the 250th ticket is
A) $4.
B) $3.50.
C) $3.
D) $1.

Sublight2097   813   8 Replies

Nishawn Hodge

Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to s

Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to s

Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to sell all of them later in day on campus for 50 cents each. Only 60 donuts are sold at 50 cents, however, and by early afternoon the club is seen trying

Sublight2097   656   8 Replies

heart13683