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    Occupy Wall Street was a national (and later global) organized protest against the greed, bank profits, and financial corruption that led to the 2008–2009 recession. The group popularized slogans like “We are the 99%,” meaning it represented the majority against the wealth of the top 1%. Does the fact that the protests had little to no effect on legislative changes support or contradict the chapter?

    The course author didn't provide an answer for this question

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Questions & Answers

Max U(x,y)=xy+x+2y subjected to Px=2, Py=5 and M=51
Tsion Reply
Max U(x,y)=xy subjected to Px=2, Py=8 and M=160
since price controls enacted by the government always has an unintended effects, the best way to control the market is to allow economic activities to run their cause
Japheth Reply
Microeconomics is the Study of allocating limited resources to solve the problems of optimizations.Explain this statement with suitable example.
Aruna Reply
Microeconomics is called price theory.Why?
because it is a individual theory producer can set price acc to his benefit
who was the father of macroeconomics?
Eyob Reply
Alfred Marshall
John Maynard Keynes
What is economic
rafi Reply
Economy is everything...
An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of
will I be able to get Macroeconomic book?
Dhieumarial Reply
difference between monopolistic competition and monopolist markets
Nancy Reply
Cardinal utility theory assumes that consumers can
Siphelele Reply
why are price ceiling and price floor said to be efficient?
Mariateretia Reply
they are called inefficient, price floor or a price ceiling will prevent a market from adjusting to its equilibrium price and quantity, thus creating an inefficient outcome.
please how did we get fixed cost, marginal and average cost. thanks
Onovo Reply
can any one help me solve pie chart, bar chart and histogram. thanks
any answers please, thank you
solution on average cost and marginal cost
p= -10+0.05p
Create the supply curve
plz help..
are u sure that it is p? it should have two variables. Qd should be there too
if you have two variable, put different values of p to get q and you will have coordinates that u can use to make the supply curve.
Fixed cost remain constant,when we r going to gain marginal cost so we should increase in additional unit/variables to get marginal cost with the increase in mc then we easily get average cost
Answer the below question to best of your ability by employing the tax concept and supply and demand Suppose the supply of tobacco is elastic and the demand for tobacco is inelastic. If an excise tax is levied on the suppliers of tobacco, will the incidence fall mostly on consumers or mostly on pro
Carolyn Reply
first you suppose the demand for tobacco is elastic that means if price change more change would occur in demand and second you suppose tax has been lived on suppliers that means the price of tobacco will rise up and it's demand will decline that means consumer will start consuming less
what is perfect competition
Masciline Reply
perfect competition is the form of market where sellers are selling homogeneous product to buyers homogeneous product means a product which is same colour ,same brand and same cost has been used .
Werku Reply
What Is opportunity cost and give examples fot it?
Opportunity cost means profit of what you have give up in order to choose something else
example of opportunity cost . we take example of land.As land have alternative uses it can be use for production , for building factories on it or for construction of house . suppose you are the owner of land and you build house on it that means you give up the benefit which you may get in produ
the benefit which you didn't get in production or in building factories is called opportunity cost
opportunity cost is the cost of what you give up to get something. example: if u wanna buy an apple and a mango and end up buying only a mango. your opportunity cost is the cost of the Apple the you've given up
define marginal rate of substitution
Roshan Reply
marginal rate of substitution
The rate at which one product can be substituted for another is called MRS.
how much additional units of a product under consideration is required to deliver the same level of satisfaction that one derives from an additional unit of a given product.
Simply untill the satisfaction one icreased another decreased also depends upon the satisfaction power of a commodity
Why indifference curve does not intersect x axis and y axis
If the two products are perfect substitutes it will touch both axis. In your question, it is assumed that these are not perfect substitutes. If it touches any axis, it shows that with the given quantity of one product alone gives the same level of satisfaction.
the intersection at the axis would mean that the product is perfectly substitutable and hence the indifference analysis is non-existent.
what industry monopolies belongs
Gwayi Reply

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Source:  OpenStax, Microeconomics. OpenStax CNX. Aug 03, 2014 Download for free at http://legacy.cnx.org/content/col11627/1.10
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