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blsea [12.9K]
3 years ago
10

Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.

Business
1 answer:
trapecia [35]3 years ago
5 0

Answer:

a. The effect of government regulation on a monopolist's production decisions: microeconomics

b. The government's decision on how much to spend on public projects: macroeconomics

c. The effects of the Internet on the pricing of used cars: microeconomics.

Explanation:

Le re-visit the concept of microeconomics and macroeconomics before we apply them to solve the problem.

Microeconomics studies about the behavior of players and how players in the economy ( individuals, households, firms) making decision of resources allocation, how they interact with one another. Thus, it usually studies about market of goods and services.

Macroeconomics studies about economy as a whole, that is, its structures, performances, behavior ( e.g: inflation, unemployment, GDP growth)

a. is microeconomics because it is about how monopoly firms decide its production level given changes in government's regulations.

b. is macroeconomics because it is about public spending ( spending for the whole economy)

c. is microeconomics because it is about how market of used cars is affected ( in term of pricing) as sellers and buyers have new ways of delivering/finding information and connections.

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A firm is producing 24 units of output. At the 24th unit of output, marginal revenue is $5, and marginal cost is $4; at the 25th
agasfer [191]

Answer:

False.

Explanation:

(1) Units produced = 24 units of output

At the 24th unit of output,

Marginal revenue = $5

Marginal cost = $4

MR ≠ MC

At the 25th unit of output,

Marginal revenue = $4.50

Marginal cost = $4.50

MR = MC

At the 26th unit of output,

Marginal revenue = $4

Marginal cost = $5

MR ≠ MC

A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.

It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.

This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.

6 0
3 years ago
Declining transport rates per unit of weight as the weight shipped increases represents ______.
kirill [66]

Lower per unit weight shipping rates as shipping weight increases means lower per unit shipping costs as size increases.

Distance to Market: The distance the product travels. Government Regulations: Such as B. Dangerous Goods Requirements, Size Limits or Weight Limits.

More cost-effective than air and sea freight: Trucking is very economical compared to air and sea freight because the associated costs such as fuel and truck maintenance are much lower. Improved accessibility: Road traffic is easily accessible.

Back Haul - The return haul of a freight truck. It may return to the point of origin of the cargo in transit, and the carrier is willing to offer discounts to secure the cargo for the voyage.

Learn more about transport at

brainly.com/question/27667264

#SPJ4

5 0
2 years ago
How much time does a seller have to accept a buyer's offer if the offer does not have an expiration date?
kherson [118]

Answer: A seller has about 72 hours to decide what to do with an offer

Explanation:  A seller has 72 hours to accept a buyers offer in as much as the offer does not have an expiry date.

An offer is made to buy an asset which is usually between a willing , knowledgeable buyer and a seller at an armslenght transaction.

8 0
4 years ago
In 100 words, identify the IS components needed for SSE, and explain them in terms of SSE.
Sever21 [200]

Ill get banned if we write all that but i can make it on google slides

3 0
4 years ago
Read 2 more answers
Which statement is not true regarding the capital market line (CML) and the security market line (SML) ?
marysya [2.9K]

Answer:

The correct choice is D)

All securities DO NOT lie on the Securities Market Line (SML) in the capital asset pricing model (CAPM).

Explanation:

The security market line (SML) is a line drawn on a chart that portrays a graphical representation of the capital asset pricing model (CAPM)—which shows various degrees of market risk, for different marketable securities, plotted against the expected return of the entire market at any given time.

Cheers!

4 0
4 years ago
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