Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
True or False
1. Consumer surplus is the buyer's willingness-to-pay minus the seller's opportunity cost of production.
2. If your willingness-to-pay for a hamburger is $3 and you paid $2, then your consumer surplus is $5.00
3. The opportunity cost of production for a seller includes the implicit cost of the seller's time.
4. The height of the supply curve at a selected quantity is the seller's opportunity cost of producing that marginal unit.
5. Total surplus(total well-being) is the seller's cost of production minus the buyer's willingness-to-pay.
6. The competitive market equilibrium outcome is efficient because it allocates the produced output to the buyers who place the highest value on the good
7. Producer surplus is the area above the supply curve and below the price.
8. The competitive market equilibrium outcome maximizes total surplus(total well-being)
9. Producing and consuming more of a good will always increase total surplus(total well-being).
Illustrate what effect will each of the subsequent have on the supply of auto tires
What are some of the unintended consequences of efforts to regulate the illicit global economy? How can states more effectively reduce the negative consequences of black markets?
Elucidate under a fixed exchange rate system expansionary monetary policy depletes foreign reserves at the federal reserve.
What are the political and legal issues of South Africa. For instance the stability of the government, legal issues of concern to four business, etc.
Suppose there is a $200 billion recessionary gap. If there are no taxes or imports to restore the economy back to potential GDP how much should government expenditure be changed if the marginal propensity to consume is 0.75? Does government expenditu..
Assume this technology becomes widely adopted throughout the country by manufacturers of all types. Elucidate what impact would the Universal Replicator have on the economy.
In the international environment, it is apparent that China is making large investments in the global financial markets in their shift away from exports. Is there a connection between China's exports and its financial investments in other countries?
sir francis galton a cousin of james darwin examined the relationship between the height of children and their parents
If supply of cars decreases and demand for cars decreases, then the equilibrium
The mandatory analysis comparing the percent of minorities and women in the community in each job category with the percent employed by a government contractor is known as:
Eagle Enterprises is a design company that sells office equipment, layout and furnishing packages to builders and developers. Bo Hernandez is a trade sales representative with Eagle Enterprises. A large part of Bo’s job involves attending industry tr..
q.as a manager of the ponchartrain yard art corporation that youve negotiated with several vendors and are ready to
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd