Common ways for corporations to raise money ls through
_ lined about H11:
V Your answer Is almost correct.
«
x
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real estate.
financial derivatites.
savings accounts.
The correct answer Is shown.
Corporate dividends referto the amount of corporate profit pa
The study of how one firm reacts to the actions taken by another firm or individual when
implementing a price strategy is called
Click the answer you think is right.
pricing theory,r
game theory
strategic theory
demand theory
The study of decision making in
Chapter 14: The Farm Problem
Chapter 14: The Farm Problem
Multiple Choice Questions
DESTABILIZING FORCES
1. If an agricultural market is perfectly competitive, then:
A) A farmer is a price taker.
C) The market demand curve is perfectly elastic.
B) A farme
If the entire output of a market is produced by a single seller, the firm
Is a monopoly.
Faces perfectly inelastic demand.
Can charge any price it wants and not lose customers.
Is producing a new product.
For a monopolist, marginal revenue equals
Price.
P
Chapter 18: Taxes: Equity vs. Efficiency
Chapter 18: Taxes: Equity vs. Efficiency
Multiple Choice Questions
WHAT IS INCOME?
1. Personal income:
A) Is the sum of wealth and in-kind income.
B) Is the sum of taxes, in-kind income, and personal consumption.
C
Lesson 6: Factor Markets Quiz
Chapter 16: Labor Markets
Chapter 17: Labor Unions
Chapter 18: Financial Markets
The cost efficiency of labor is equal to the
Marginal cost of output.
MPP of labor times the wage rate.
MPP of labor divided by the wage r
Which of the following is used as an antitrust tool that focuses on the structure of industry?
Price regulation.
Profit regulation.
Forbidding business practices such as advertising.
Prohibiting mergers and acquisitions.
The major aim of government re
Homework Three Answers
1.
These questions refer to the demand for city bus tickets, given in the graph above.
a. (4 points) If the price is $2.00, what is the quantity demanded for bus tickets?
Answer: At a price of $2.00, QD = 1200 bus tickets.
b. (6 poi
Homework One
Show your work and explain all your answers!
1. (8 points) How might the invisible hand of the market act as a guide to individual behavior
to bring about a socially optimal outcome? In particular, you should describe the very
important role
Homework Four Answers
Show your work and/or explain all your answers!
1. (2 points) What is the equilibrium price and quantity of soybeans?
Answer: The equilibrium price and quantity occurs where quantity demanded equals
quantity supplied, which is P = $1
Economics is the study of how people choose to allocate their scarce
resources.
Resources. By resources, we mean all of the potential inputs to production. This includes tangible
inputs such as machinery, land, water, oil, electricity, etc. But it also in
Homework Five Answers
Show your work and/or explain all your answers!
1. (18 points) In each of the following situations, determine how much consumer or producer
surplus is generated. Be sure to indicate whether it is producer or consumer surplus that you
Homework Two Answers
Show your work and explain your answers!
1. a. (6 points) Find the slope of the line that passes
through the two points given in the graph.
Answer: The slope,
, is given by the formula:
9 5 4
2.
4 2 2
b. (4 points) What is t
Microeconomics Exam One Answers
Briefly explain all your answers.
1. (6 points) What is economics and why is the concept of scarcity so central to the field?
Briefly explain your answers.
Answer: Economics is the study of how people choose to allocate the
Microeconomics Homework Seven Answers
Show your work and/or show your answers!
1.
(10 points) Hiro owns and operates a small business that provides economic consulting
services. During the year he spends $57,000 on travel to clients and other expenses. In
Block 2: Opportunity Cost and Normal Profit
Opportunity cost is a measure of what is lost when a decision is made. When people face trade-offs
they must make decisions. Opportunity cost refers to the value what is given up when this decision
is made.
A st
Chapter 11 oligopoly^
Average Total Cost (ATC) = Total Cost / Q (Output is quantity
produced or Q)
Average Variable Cost (AVC) = Total Variable Cost / QAverage Fixed
Cost (AFC) = ATC AVC
Total Cost (TC) = (AVC + AFC) X Output (Which is Q)
Total Variable
Chapter 11
An industry's market structure refers to
o The number and size of the firms in the industry.
When firms are interdependent,
o The profit of one firm depends on how its rivals respond to its strategic
decisions.
The only market structure in whic
CHAPTER 16
As an individual earns additional income, the marginal utility of income tends to
o Decrease
For an upward-sloping labor supply curve, the quantity of labor supplied varies directly,
ceteris paribus, with
o The wage rate.
The labor supply curve
Chapter 5:
Determinants of Demand= Tastes, Income, Expectations, Other Goods
Utility= the pleasure or satisfaction obtained from a good or service
Total Utility= the amount of satisfaction obtained from entire consumption of a product
Marginal Utility= Th
The three types of natural monopoly regulation include:
Check all that apply.
prioe regulation
output regulation
behavior regulation
profit regulation
structure regulation
The co '. I. I”. '.|-.’.'|i ratio is the proportion of total industry output produc
Chapter 12
Study Guide Please answer the following question:
Discussion
"One important thing I learned from this chapter is?" You may not duplicate
anyone elses point. I will be monitoring the discussion to make sure the
information is accurate and that t
Chapter 6 Study Guide Discussion
Go to the discussion board, in the chapter 6 study guide forum please answer the following
question:
"One important thing I learned from this chapter is?" You may not duplicate anyone elses
point. I will be monitoring the
Chapter 7
GOVERNMENT MARKETS
Chapter in a Nutshell
1. In some cases, unregulated markets may not provide the best answers to the fundamental
economic questions of society. Whenever that occurs, government intervention is needed to
temper the markets opera
Chapter 11
Study Guide Please answer the following question:
Discussion
"One important thing I learned from this chapter is?" You may not duplicate
anyone elses point. I will be monitoring the discussion to make sure the
information is accurate and that t
3rd Midterm Microeconomics 201
1. When a firm has decreasing average costs over the entire range of market demand
it is:
A) a natural monopoly.
B) an oligopoly.
C) rent seeking.
D) in a contestable market.
Answer: A
2) To maximize profit, an unregulated n
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