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Question Subject Due Date No. of Tutorials Closed Price
Which of the following is NOT a characteristic of a perfectly
Which of the following is NOT a characteristic of a perfectly competitive market? Firms are price takers.Firms have difficulty entering the market.There are many sellers in the market.Goods offered fo …
Economics / Microeconomics 2017-06-08 1 Yes $17.00
Off-shoring and its impact on the US economy
Collect and read two or three news clips about off-shoring and its impact on the US economy, keeping in mind what you have read about off-shoringPost a brief summary of what you have read in the news …
Economics / Microeconomics 2017-06-08 1 Yes $7.00
Suppose your utility function is U = ln(2C), where C
1.) Suppose your utility function is U = ln(2C), where C is the amount of consumption you have in any given period. Your income is $40,000 per year and there is a 2% chance that you will be involved i …
Economics / Microeconomics 2017-06-08 1 Yes $12.00
Suppose that wheat is purchased only by poor people
Suppose that wheat is purchased only by poor people. Their demand for wheat is given by the following schedule:PriceQuantity$1 per bushel10 bushels283745The long-run equilibrium price is $3/bushel.Now …
Economics / Microeconomics 2017-06-08 1 Yes $7.00
ECO 2023 - Describe the reasons why an industry's costs
Describe the reasons why an industry's costs might increase in the long run. Why might they decrease over the long run?Why must price cover average costs if the firm is to continue operating? …
Economics / Microeconomics 2017-06-08 1 Yes $4.00
Consider a perfectly competitive market in which
5*. Consider a perfectly competitive market in which the government can impose a per-unit tax t ? 0.Imagine that we can predict the equilibrium price that consumers pay for each level of t and that …
Economics / Microeconomics 2017-06-08 1 Yes $4.00
A firm operates using the production technology
5. A firm operates using the production technology f(L,K) = ?(LK). The wage rate is w = 1, the rental rate of capital is r = 3, and the price of the output is p = 10.5(a). (23 points) Show that the …
Economics / Microeconomics 2017-06-08 1 Yes $10.00
The long-run supply curve for a given competitive
The long-run supply curve for a given competitive firm can be written as QF = -250+ 8P or P = $31.25 + $0.125QF. Explain why the amount supplied by 50 suchcompetitors is determined by multiplying the …
Economics / Microeconomics 2017-06-08 1 Yes $4.00
Assume that you own a fast food restaurant
Word requirement 200-300 to the following:Question/Topic Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.* …
Economics / Microeconomics 2017-06-08 1 Yes $6.00
ECONOMICS 208 - Assume market demand is given by P=a-Q
Assume market demand is given by P=a-Q. Suppose there are two firms (1 and 2) that engage in Cournot competition. Firm 1’s marginal cost of production is 1 while firm 2’s marginal cost of producti …
Economics / Microeconomics 2017-06-08 1 Yes $7.00
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