Questions Answered

GoldRush18:
Group Title
Suppose Sandra has $16.00 to spend only on ripe bananas and plums. Ripe bananas cost $0.80 each and plums cost $0.20 each.
a. write down the…
 updated 2 years ago
 8 replies
 2 Medals

Puddenhead:
Group Title
How do you calculate the value of an opportunity cost when the alternatives have no or negative value? For instance, the opportunity cost o…
 updated 2 years ago
 1 reply
 1 Medal

Nkumwenda:
Group Title
What is the difference between effectiveness and efficiency
 updated 2 years ago
 2 replies
 No Medals Yet

andrewdebbarma:
Group Title
find the second and third derivatives of the following functions
(i) ax^2 + bx + c (ii) 2x/1x (iii) 6x^4  3x  4 (iv) 1+x/1x(x is not e…
 updated 2 years ago
 1 reply
 1 Medal

vickyalbert:
Group Title
can you give an example about perfect competition?
 updated one year ago
 4 replies
 No Medals Yet

nomoredrama3000:
Group Title
differentiate between perfectly inelastic demand and perfectly elastic demand
 updated 2 years ago
 1 reply
 1 Medal

syazana:
Group Title
what is demand?
…
 updated 2 years ago
 3 replies
 No Medals Yet

adogmatic:
Group Title
If I'm interested in learning Economics in order to handle a small startup, what other courses should I take and in what order?
 updated 2 years ago
 3 replies
 No Medals Yet

mischa:
Group Title
What determines how far the supply or demand curves shifts after a tax is enforced? For example, equilibrium price is at $4.00. A producer t…
 updated 2 years ago
 2 replies
 2 Medals

joy*66:
Group Title
what is the formula for opportunity cost
 updated 2 years ago
 1 reply
 No Medals Yet

atlasakin:
Group Title
In the dictionary, scarcity is explained as "an inadequate amount of something; a shortage". But in the coursebook given(Principles of Micro…
 updated 2 years ago
 2 replies
 1 Medal

nitingarg:
Group Title
situation price demand
p1 p2 x y
1. 1 1 5 …
 updated 2 years ago
 2 replies
 No Medals Yet

nitingarg:
Group Title
commodities x and y are perfect complements and the utility function is given by u =min(x,3y) price of x is 2 price of y is 1 income =140 fi…
 updated 2 years ago
 2 replies
 1 Medal

Sapphire511:
Group Title
1. How can a marginal product for a resource change?
2. What can change the demand for a resource?
…
 updated 2 years ago
 1 reply
 No Medals Yet

omairanwer:
Group Title
I was wonderig how come money is used as a medium of deffered payment and wealth accumulation. That is if someone have 100 unit of currency …
 updated 2 years ago
 3 replies
 No Medals Yet