Sale of an additional bag of potatoes

Assignment Help Business Economics
Reference no: EM132047659

A grocery store sells a bag of potatoes at a fixed price of $2.30. Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?

Reference no: EM132047659

Questions Cloud

Insurance company ask this person to pay for the annuity : it would be willing to pay 5.3 percent on the annuity. How much should the insurance company ask this person to pay for the annuity?
What is your definition of spiritual care : What is your definition of "spiritual care?" How does it differ or accord with the description given in the topic readings? Explain.
Affordable care act contraceptive mandate controversy : How are these processes important for Affordable Care Act Contraceptive Mandate Controversy
What do the images tell you about the culture : A five- to seven-sentence paragraph that discusses the cultural context of each work, based on what you have learned through your textbook reading.
Sale of an additional bag of potatoes : Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?
What are your disbursement-collection and net floats : What are your disbursement, collection, and net floats?
How much labor does the firm hire : The production function is Q=L, and the labor supply curve is w=10+L. How much labor does the firm hire? What wage is paid?
Explain the legal principles or concepts : Explain the legal principles or concepts from the text that underlies your judgment - Critical Legal Thinking Cases
Tradeoffs-opportunity costs and marginal analysis : Think about one choice you made in the past several days and explain how this could be analyzed using economics concepts such as tradeoffs

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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