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Microeconomics Recently Posted Questions

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Econ 5.1 - Production and Cost
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Predicting changes in market-clearing prices and quantities
Predicting changes in market-clearing prices and quantities is harder when both demand and supply change at the same time. You run a halal butcher shop in Alberta. There is expected to be an increase …
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The theory of consumer - How do you determine
The theory of consumer choice has been something that you have experienced before in the life. How do you determine how a consumer divides their resources between two goods? When we look at the theory …
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If government makes it illegal for businesses to lower
1. If government makes it illegal for businesses to lower their prices, and there is a surplus of products and services in the market, explain how consumers and businesses will react.2. You own a flow …
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The current bank interest rate is 5 percent
The current bank interest rate is 5 percent. You borrow $10,000 from the bank as well as invest $20,000 of your own money in a new business for a year. Detail the obvious costs and the implicit costs …
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