• Microeconomics

Microeconomics Recently Posted Questions

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How is monopolistic competition a mixture of monopoly
1.How is monopolistic competition a mixture of monopoly and perfect competition? 2.List three ways in which a grocery store might differentiate itself from its competitors. 3..Explain how the joint …
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ECON 511 - Commodity Credit Corporation
Commodity Credit Corporation:Nonresource loan: loan that carries neither a penalty nor further obligation to repay if not paid back-- the farmer could get at least the target price for his or her crop …
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EC 201 - Find the profit-maximizing quantity
One firm exists in the market for gadgets. The cost function and demand function are as follows, 1C(q) = 6000 + §q2 + 25g QM) = 1600 — 16p (a) Find the profit-maximizing quantity the monopolis …
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ECON 325 - What is the firm's marginal revenue
You are a super smart profit-maximizing firm in a competitive market currently producing 100 units of output. The market price is $10 while the firm's average cost is $8 and it's fixed cost are $200 a …
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ECON 226 - In less-developed countries, labor is less costly
In less-developed countries, labor is less costly relative to machinery and equipment, so labor is substituted for what other inputs?At a high enough wage rate, the person feels that he or she can aff …
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