User Account

All Pages

What is achieved by selecting the quantity of an activity

Assignment Help Microeconomics
Reference no: EM131576182

What is achieved by selecting the quantity of an activity at which marginal benefit equals marginal cost?

Suppose the marginal benefit of an activity exceeds the marginal cost. What does the marginal decision rule say a maximizing decision maker will do?

Reference no: EM131576182

Questions Cloud

Why is it very important to you, personally- professionally : Knowing that professional difference of opinion or conflict is inevitable on dissertation committees, how will you leverage these to improve creativity?
Public health services are divided into major categories : Public health services are divided into four major categories and 10 specific services
Find the length of a shortest path between two vertices : Extend Dijkstra's algorithm for finding the length of a shortest path between two vertices in a weighted simple connected graph.
Summarize the five congressional findings : Summarize the five congressional findings that helped to create the final GINA law, including a description of at least two elements.
What is achieved by selecting the quantity of an activity : What is achieved by selecting the quantity of an activity at which marginal benefit equals marginal cost
Analyze psychology as a science : See the attached PSY600 - identify your article selection. Analyze psychology as a science as it is presented in your chosen article.
Explain shortest path problem in a weighted graph : Explain how to find a path with the least number of edges between two vertices in an undirected graph by considering.
Present value of stream of ordinary annuity cash flows : The present value of a stream of ordinary annuity cash flows of $100 per year is $702 when valued utilizing a 7% annual rate.
Which changing interest rates can impact exchange rates : Explain at least two different ways in which changing interest rates can impact exchange rates for a country.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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