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   Related Questions in Microeconomics

  • Q : Principle of equal marginal utilities

    The thought that, in equilibrium, the more you pay for the good, more it is worth (that is, at the margin) to you is most intimately associated to the: (1) Law of diminishing returns. (2) Equivalent satisfaction corollary. (3) Veblen effect. (4) Rising cost hypothesis

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  • Q : Profit maximization and maximization of

    Give the difference between corporate profit maximization and maximization of shareholder wealth?

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  • Q : Problem on least likely Inferior Goods

    Chris ate Ramen Noodles or pinto beans for each and every meal whereas an impoverished college student. Chris graduated and landed a job beginning at a yearly salary of $50,000. Chris’s demands for the Ramen Noodles and pinto beans were most lik

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  • Q : Labor-Leisure Tradeoffs When leisure is

    When leisure is a normal good, then the demand for leisure: (i) Differs directly with the income. (ii) Has declined sharply as World War II. (iii) Is positively associated to the average age of population. (iii) Shifts left-ward as an outcome of technological advances

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  • Q : Short run in Substitution process In

    In the short run, simple and cheap new cures for cancer and heart disease would most likely decrease the: (i) Gains of tobacco companies. (ii) Absentee rates of nearly all young workers. (iii) Demands for the hospital beds in intensive care units. (iv) Supplies of doc

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  • Q : Marginal social benefits of products If

    If an oligopoly achieves equilibrium, in that case the marginal social: (w) benefits of their products exceed the marginal social costs. (x) cost of their product exceeds the marginal social benefit. (y) benefits equal the marginal so

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  • Q : Present Value of Annual Interest Rate

    When the annual interest rate is 11 percent and a small office building can be expected to lease perpetually for price of $33,000 annually, the building and also the land it sits onto have a present value of approximately: (1) $363,00

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  • Q : Labor Unions and Employment job

    The labor union will not get better its member’s job prospects through: (i) Raising the worker productivity through apprenticeship. (ii) Restricting entry through quotas or high initiation fees. (iii) Lobbying for the tariffs on competing foreign goods. (iv) Col

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  • Q : Objective of firm in price

    The firm's objective within price discrimination is to: (w) make the community better off economically. (x) make several consumers better off economically. (y) increase revenue and profit. (z) minimize average cost.

    Q : Changes in market prices and conditions

    The model of pure competitive is intended to produce insights within how: (w) asymmetric information influences the efficiency of exchange. (x) buyers and sellers negotiate to reach contracts for goods and services. (y) markets determine equitable dis

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