User Account

All Pages

Which of core principles is expressed in given statements

Assignment Help Microeconomics
Reference no: EM132198776

Question: Which of the core principles

1) Scarcity, choice and opportunity cost,

2) cost-benefit analysis,

3) incentive principle,

4) diminishing returns is expressed in the following statements? Support your choice.

(i) Kamisha is planning her activities for a hot summer day.

She would like to go both to the swimming pool and to see the latest blockbuster movie, but because she can only get tickets to the movie for the same time that the pool is open she can only choose one activity.

Reference no: EM132198776

Questions Cloud

Address rates of consumption differ over time : how does the aggregate economic estimation process address rates of consumption differ over time?
Easiest and simplest step to leadership improvement : Lead by Presence, not by Prominence Show up. This is the easiest and simplest step to leadership improvement.
What are some of the videos related to brand marketing : What are some of the videos related to brand marketing? How do they engage viewers, create a branded community, or otherwise promote brand loyalty?
Determine the size of the fiscal policy multiplier : Why is it important to determine the size of the fiscal policy multiplier?
Which of core principles is expressed in given statements : She would like to go both to the swimming pool and to see the latest blockbuster movie, but because she can only get tickets to the movie for the same time.
Medical equipment manufacturing and supply firm : You were just hired as the North American Operations Manager in a Medical Equipment Manufacturing and Supply firm.
How would you expect the euro to move : If the US Federal Reserve raises interest rates, how would you expect the Euro to move (appreciate or depreciate)?
How did god show his sovereignty through all these events : To tell someone who has never heard the message of God's amazing plan what He has done and why He has done it. What was His purpose?
Changing the culture is very difficult and can be very risky : The link between organizational culture and strategy is very strong. Changing the culture is very difficult and can be very risky.

Reviews

Write a Review

Microeconomics Questions & Answers

  Is there an economy in heaven

Is there an economy in heaven? If so what makes up the economy of heaven?

  Why the recent recession was called the worst recession

Explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.

  I employer resposible for the damages in this case if so

an employer gives out private information to an employees ex-husband. the private information included the employees

  To create goodwill to increase expected future business

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill.

  Examples of economic activities-decrease in taxes

Explain how each of these activities affects government, households, and businesses. Explain the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.

  Demand curve for product-demand elastic or inelastic

The demand curve for a product is given by P = 400 - 1Q/3. What is the own price elasticity of demand when price is $100? Is demand elastic or inelastic at this price? What would happen to the firm’s revenue if it decided to charge a price above $100..

  What is the standard deviation of acres burned per year

A machining process produces specialty metal parts used in aircraft. A particular part is designed to be 62 cm in length. The machine is set to cut at 62 cm but the process is stochastic with a mean length of 62 cm and a standard deviation of 0...

  What characteristics of this market fit the definition

Identify and describe a real world example of an oligopoly. What characteristics of this market fit the definition of an oligopoly? What role does advertising play in this market? Is this consistent with what you've learned about advertising and olig..

  How the various body systems are affected

Explanations on how the various body systems (anatomically and/or physiologically) are affected; etiology; medications/treatments that are available; prognosis of those affected, and future outlook in general.

  What the auctioneer knows before and after the auction

The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received.

  Find the elasticity of supply and is it elastic or inelastic

Calculate the elasticity of supply. Is it elastic or inelastic? How many deliveries will Really Annoying have at a price of $11.00? Hint: you can only sell what customers will buy.

  Assume the firm has production technology shown below for

suppose a firm has the production technology shown below for goods 1 and goods 2 and respond to the following with an

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd