Start Discovering Solved Questions and Answers
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
In the short run, why might a firm in perfect competition continue production even though it is making a loss? In which market is the firm a price maker?
Why does an individual firm face a totally elastic demand at price in perfect competition? What happens to abnormal profits in long run in perfect competition?
Describe your beliefs about multicultural educaton based on the above mention reflection prior to reading the article "Multicultural Education".
1. What are the main assumptions of perfect competition? In a monopoly, if a firm fixes the price, what determines the amount supplied?
How has the government helped small firms? How do small firms benefit an economy? What is a market?
1. Give an example of a trading economy of scale. Give two examples of diseconomies of scale. Why has the small-firm sector of the economy grown?
1. Who investigates mergers and takeovers? Suggest three reasons for vertical integration. Distinguish between internal and external economies of scale.
Read EArly article Reading Your Way to a Culturally Responsive Classroom.
1. In what time period are all factors of production variable? What is technical efficiency? Why do diminishing returns occur in the short run?
What is the term for pricing where a mark-up is added to the costs of production? What are the main characteristics of a not-for-profit organization?
1. What is abnormal profit? Where is profit maximized? What profit is made when average cost equals average revenue?
What mainly causes the price instability of agricultural goods? How can producers attempt to overcome the problems that the cobweb theory illustrates?
What effect will higher wages have on the supply curve? What is the difference between a ‘real' price and a ‘normal' price? When does excess supply occur?
1. Describe the shape of the short-run supply curve. What is the shape of the supply curve called? Which factors affect the elasticity of supply?
How would you classify a good with high positive income elasticity? What is the difference between a shift in demand and an expansion of demand?
Evaluation of the Government Accountability Office Budgeting and Cumulative Report.
The price of a good falls by 10 per cent but the quantity demanded increases from 100 to 120 units. Calculate the price elasticity of demand.
Research the theoretical approach to the 'Balance of Power' and how it describes the causes of conflict in the international system.
Describe the shape of a typical demand curve. What are ‘inferior' goods? How does a ‘consumer surplus' arise?
What are the main factors causing economic growth? What types of policy can be used to promote economic growth?
What are the main production decisions which have to be made? What does a production possibility curve show? What are the main justifications for the profit?
Why is a choice made when resources are allocated? What is the difference between a need and a want? What role does government play in a market economy?
If he is looking to invest his $100,000 where he can get an inflation adjusted of 12%, what minimum rate of interest he should shop for?
If the transportation company has MARR of 15%, which of the buses if any should the company buy? Use the ROR method.
Identify at least one of the official and unofficial actors involved in your policy issue, and which major interest group or groups has had the most influence.